Tuesday, August 13, 2013

HFF closes sale of The Brentdale in Plano, TX


The Brentdale Apartments, 1515 Rio Grande Drive, Plano, TX

DALLAS, TX – HFF announced today that it has closed the sale of The Brentdale, a 412-unit, multi-housing community in Plano, Texas.


Rob Key
HFF marketed the property on behalf of the seller, a joint venture between Intercontinental Real Estate Corporation and the Pinnacle Family of Companies.  Resource Real Estate purchased the property for an undisclosed amount free and clear of existing debt.

The Brentdale is located at 1515 Rio Grande Drive near the intersection of 15th Street and Custer Road and in close proximity to a variety of major employment centers such as the Richardson Telecom Corridor, Collin Creek Mall, Legacy Business Park, Plano Industrial Business Park and the Texas Instruments plant. 

Blair Lang
Situated on 20.96 acres, the property is 93.2 percent leased with units averaging 862 square feet each.  Community amenities include five resort-style pools, a heated spa, racquetball court, tennis court, fitness center, tot lot, clubhouse and covered parking.

The HFF team representing the seller was led by directors Rob Key and Blair Lang.

Intercontinental Real Estate Corporation is an SEC registered investment adviser and real estate operating company with expertise in real estate investment, development, construction management and asset management. 

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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