DALLAS – March 2, 2016 – CBRE Capital Markets’ Investment Properties announces the sale of Fox Hollow Apartments, an 86-unit multifamily community in Grand Prairie, Texas. Milwood Apartments, LLC purchased the asset from Fox Hollow Apartments, LLC for an undisclosed price.
Chris Deuillet with CBRE’s Dallas office represented the seller.
The 85,152-square-foot asset is located at 1008 S. Beltline Road in Grand Prairie, Texas, and was built in 1970 with renovations completed in 1990. The complex features spacious units with amenities including a pool, basketball court and playground. It was 97 percent occupied at closing.
“With the growth occurring in Grand Prairie, including a new IKEA and a large water park-anchored recreation hub, Fox Hollow is in a great location,” said Mr. Deuillet. “This property is performing well but has potential to improve.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
