Park West End apartments sell for $59M
McCann Realty Partners LLC acquires 312-home community
Henrico County-based property development company McCann Realty Partners LLC acquired a 312-unit apartment community in its own backyard for $59.25 million on Dec. 27, according to Henrico County property records.
Built in 1985, the 224,768-square-foot apartment community sits on 18 acres at 5300 Glenside Drive. The buildings have one- and two-bedroom floor plans, and amenities include a dog park and swimming pool.
McCann will upgrade exterior finishes, interiors and amenities. Pegasus Residential, McCann’s Atlanta-based affiliate property management company that it acquired in September 2021, will manage the property.