Northern Virginia Community Changes Hands

February 5, 2026

Finance & Investment Affordable Housing Market Rate Mid-Atlantic More News Washington D.C.

The property spans more than 500,000 square feet in Fairfax County.

JLL Income Property Trust has sold Kingston at McClean Crossing, a 319-unit Class A development in McLean, Va. According to Yardi Matrix, the Fairfax County property was previously owned by LCOR, before JLL’s REIT acquired it in 2021.

A purchase price was not disclosed. The property has since been rebranded as The Point at McLean, now owned and managed by Pantzer.

Kingston at McClean Crossing encompasses more than 500,000 square feet across two 13- and 15-story towers that are connected via a skybridge. LCOR developed the site in 2018 for $122 million, with layouts ranging from one- to three-bedroom units averaging 874 square feet.

Individual apartments feature in-unit washers and dryers, walk-in closets, dishwashers and stainless-steel appliances. The property is classified as partially affordable, with 63 apartments reserved as affordable housing, Yardi Matrix shows.

Community amenities include a fitness center with a yoga studio, a swimming pool, a children’s playroom, outdoor firepits, a golf simulator and a pet spa.

Kingston at McClean Crossing was the first phase of the larger 21-acre McLean Crossing development, which was first proposed in 2013. The Fairfax County Board of Supervisors approved LCOR’s updated conceptual development plan in early 2025, which includes up to 2.7 million square feet of mixed-use space.

The community was put up for sale in October 2025, according to the Washington Business Journal. Kingston at McLean Crossing was built at 7480 Birdwood Ave., 13 miles outside of Washington, D.C., with access to Interstate 495 and Route 267. McLean subway station and the Tysons Galleria are nearby.

Multifamily activity near DC

Washington, D.C.’s multifamily market fundamentals are still mixed, according to a December 2025 Yardi Matrix metro report. The data showed that average asking rents were down to $2,227, below the U.S. mean, with deliveries 30 basis points below the national figure. Through September, more than 30 properties changed hands in the metro, totaling $1.9 billion in transaction volume.

In August, Bozzuto and Invesco Real Estate acquired Ashton at Dulles Corner, a 454-unit development located in Herndon, Va. The purchase represented the second acquisition of the partnership from their $330 million investment joint venture, which has an overall capacity of approximately $1 billion.

Also in the area, JBG SMITH has received the green light to move forward with a 640-unit project in Potomac Yard in Alexandria, Va. The property will include a mix of market-rate and affordable units.