SOURCE: McWilliams|Ballard


May 09, 2011 16:38 ET

McWilliams|Ballard Announces Sales Milestone at Gaslight Square as the Project Wins Big at Washington Business Journal's Best Real Estate Deals

WASHINGTON, DC--(Marketwire - May 9, 2011) - McWilliams|Ballard announced today that since launching sales at Gaslight Square condominiums in Arlington, Virginia to Friends and Family on February 9th and to the general public on March 15th, nearly $12 million worth of these luxury residences have been sold. Coupled with its recent win at the Washington Business Journal's Best Real Estate Deals Gala as the "Financing Deal of the Year," the early success at Gaslight Square shows the desire for luxury condominium residences in the Rosslyn - Ballston corridor of Arlington, Virginia.

With construction underway, Gaslight Square, developed by Washington, DC-based Abdo Development, is located between the popular neighborhoods of Rosslyn and Clarendon, directly across the street from Abdo's hugely successful Mercer and Wooster Lofts. Currently on-schedule for the first residents to begin moving in by the end of 2011, Gaslight Square is an innovative condominium that brings together some of the best features of Abdo's award winning residences over the past 15 years, including direct access elevators and double-height ceilings. With dramatic oversized loft, penthouse and flats ranging in size from 1,100 to 1,900 square feet, secure private underground parking and private outdoor space for all units including expansive rooftop terraces for every penthouse, large private garden patios for all ground floor units and dining balconies for every flat. Sales of Gaslight Square are open to the public by appointment at McWilliams|Ballard's Arlington branch office located adjacent to the property at 1800 Wilson Blvd.

"Since its inception, we have been confident that with the right team, Gaslight Square would be a tremendous success, and believe that our sales prove that we do indeed have the right team in place," said Jim Abdo, President of Abdo Development. "Having garnered the recent recognition by the Washington Business Journal as the Financing Deal of the Year only further solidifies the fact that Gaslight Square brings together the best features of our developments over the last 15 years."

"With the strong sales success since the Friends and Family event in February and sales launch to the public in March, we have been extremely happy with how well Gaslight Square has been received by the community," says Chris Ballard, Principal at McWilliams|Ballard. "From the inception of Gaslight Square we have have believed strongly that this would be a successful community. Based on the tremendous $12 million in sales and its win as Financing Deal of the Year at the Washington Business Journal Best Real Estate Deals event, Gaslight Square is poised for a successful year."

McWilliams|Ballard, based in Alexandria, Virginia, is a sales and marketing firm specializing in the sales and marketing of condominiums and townhomes. While based in the Washington, DC Metropolitan Area, McWilliams|Ballard has clients nationwide, creating partnerships with developers and builders to provide sales and marketing solutions from project inception to the final closed sale. In addition to start-to-finish sales and marketing, the firm also provides consultation and market research used by some of the largest development firms in the country. Founded in 1996, the firm's expertise now spans more than ten states nationwide including Virginia, Maryland, Connecticut, Florida and the District of Columbia. As one of the most successful project development real estate and marketing firms in the country, McWilliams|Ballard has sold and settled more new homes than any other firm in the Mid-Atlantic Region, and is consistently ranked in the top 5 of national firms with a focus on for sale multi-family product.

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