CBRE Sells North Texas Multifamily Project, Housing

Fox Hollow apartments in Grand Prairie, Texas.

In 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