Spotsylvania County, VA Economic Development Authority » The Haven http://americanhosting.us/SpotsyEDA Creating prosperity for Spotsylvania, one business at a time. Mon, 02 Dec 2013 17:34:44 +0000 en-US hourly 1 https://wordpress.org/?v=3.7.41 MAA Paid $48.9M for Haven Apartment Complex in Spotsylvania http://americanhosting.us/SpotsyEDA/?p=465 http://americanhosting.us/SpotsyEDA/?p=465#comments Thu, 23 May 2013 13:44:06 +0000 http://spotsylvaniaeda.org/?p=465 Real estate investment trust MAA paid about $48.9 million for The Haven at Cosner’s Corner apartment complex in Spotsylvania, according to county property records.

MAA bought the 33.6-acre complex Tuesday from South Carolina-based Johnson Development Associates. The community has been renamed Station Square at Cosner’s Corner, a nod to the Virginia Railway Express station that will be built just down U.S. 17 from the complex.

The deal was done in two separate transactions. MAA paid $44.64 million for the 260 apartments that have already been developed and that are about 75 percent leased. The REIT paid $4.25 million for the undeveloped land where the second phase of the apartment community will be built.

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