Palisades at Manassas Park is a 304-unit residential community in Manassas Park, VA. Less than 3-miles from Olde Town Manassas, the Property is surrounded by grocery stores, retailers, and restaurants. Additionally, the Property is located within walking distance (0.4 miles) of the Manassas Park Virginia Railway Express Station (VRE) and a 10-minute drive from I-66 providing connectivity throughout the greater Washington and Northern Virginia areas. The recently announced Innovation Park, adjacent to the George Mason University’s School of Science and Technology campus, is projected to bring upwards of 2 million SF of non-residential academic and office space. Located within 15 minutes of the Property, Innovation Park is projected to bring nearly 40,000 new jobs to this submarket furthering Northern Virginia’s exponential growth of the science and data center industries. Additionally, Micron Technology Inc., whose 576,000 SF microchip facility in Manassas is just 15-minutes from the Property, has dedicated $150 billion to invest in microchip production over the next ten years and has been preapproved to purchase +18 acres for expansion of their Manassas location.
StoneBridge’s business plan calls for minor cosmetic upgrades to common amenities and grounds, as well as upgrades to modernize unit interiors over time to maintain the property’s place as the premier apartment community in the submarket.
