Arlington, VA. (January 29, 2021) — Snell Properties unveiled today the new name and branding of its latest acquisition, Russell at Reston Station, after acquiring the property (formerly known as Lincoln at Wiehle Station) from Lincoln Property Company in December for $100.5 million. CBRE represented the buyer in the transaction. Lincoln Property Company has been retained to continue to manage the property.
“For the new name, we were inspired by existing design elements at the property, which has a bold, contemporary, energetic feel with red pops of color,” explains Peter Colarulli, Vice President of Snell Properties. “The name ‘Russell’ taps into the community’s vibe, and we felt the full name ‘Russell at Reston Station’ is clear to the sense of place and catchy with its alliteration.”
Russell at Reston Station is a brand-new Class-A community with 260 apartment homes located at 11500 Commerce Park Drive in Reston, a 5-minute walk from the Wiehle-Reston East Metro station and less than a 15-minute drive from Dulles International Airport. The building’s construction was completed at the end of 2019 and earned the US Green Building Council’s LEED “Silver” certification.
Russell at Reston Station offers studio, 1-bedroom, 2-bedroom and 3-bedroom floorplans with spacious layouts. The apartment homes are sleekly finished with quartz countertops, stainless steel appliances, tile backsplashes, vinyl plank floors, walk-in closets and oversized windows. The community features a courtyard with pool and grilling stations, a large clubroom that walks out to the courtyard, a fitness center with on-demand classes, a library and conference room along with a pet spa, package concierge system, underground parking and a bike room with repair station.
Additional leasing information is available at www.russellapts.com.
About Snell Properties
Headquartered in Arlington, Virginia, Snell Properties is an investor, developer, and asset manager of a portfolio of multifamily, commercial, and mixed-use properties in urban and suburban submarkets surrounding Washington, D.C. Founded in 1947 by George Snell, the company has built a legacy of creating value with its core portfolio of multifamily and commercial assets. Today Snell is managed by a seasoned team of real estate professionals with expertise in value-add renovations, development, finance, acquisitions, and asset management. With a noteworthy portfolio of assets and exciting plans to expand into new markets and ventures, Snell is a boutique firm building on its legacy in innovative ways, including the redevelopment of the Ames Center in Rosslyn. For more information, please visit snellproperties.com.
Contact: Kris Warner
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