RICHMOND, VA. — Triton Glen, a newly developed 250-unit property in the Innsbrook submarket of Richmond, has traded for $65 million. Berkadia brokered the deal on behalf of the seller, Silver Hills, and arranged a $42 million Freddie Mac acquisition loan for the buyer, Charlottesville, Virginia-based Seminole Trail Management. Silver Hills developed the asset in 2024.
Berkadia’s investment sales team was led by Drew White, Carter Wood and Cole Carns of Berkadia Richmond, while Patrick McGlohn, Brian Gould, Hunter Wood, Patrick Cunningham and Mac Ritchie of Berkadia DC Metro arranged the loan.
Located at 10945 Nuckols Road, Triton Glen is a five-story community consisting of one- and two-bedroom units ranging from 639 to 1,409 square feet. Amenities include a clubhouse, a pool, a fitness center, conference and game rooms, bike storage and secure package facilities.