DALLAS – CBRE Capital Markets’ Investment Properties handled the sale of Fox Hollow Apartments, an 86-unit multifamily community in Grand Prairie, a community near Dallas. 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 and was built in 1970 with renovations completed in 1990. T 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.”
– March 6, 2016