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| Will Balthrope |
DALLAS, TX – Institutional Property Advisors (IPA), a
division of Marcus & Millichap Inc. specializing in serving institutional
and major private real estate investors, is pleased to announce the sale of Hunter’s
Hill, a 436-unit apartment community in North Dallas. The terms of the
commercial real estate sale were not released.
IPA
executive director Will Balthrope and IPA director Drew Kile
represented the seller and procured the buyer.
Hunter’s Hill is located at the intersection of two major
thoroughfares, Midway Road and Frankford Road, less than one-half mile from the
Dallas North Tollway and President George Bush Turnpike.
Home to more than
651,000 employees and over 30 million square feet of office space, this area
along the Dallas North Tollway is known as the North Dallas “Platinum
Corridor.”
A Kroger Signature-anchored shopping center is located immediately
across the street from the property and more than six million square feet of
shopping and retail is nearby.
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| Drew Kile |
“Hunter’s Hill is a highly visible,
prominently situated infill apartment community that presents the new owner
with an opportunity to capture additional value with the completion of the
remaining capital improvements,” says Balthrope.
“With limited supply in the area, the new owner can expect
to capitalize on strong tenant demand in an expanding multifamily market,” adds
Kile.
Community amenities at Hunter’s Hill include controlled
access gates, a fitness center, indoor basketball and racquetball courts, two
swimming pools with water volleyball, a business center with Wi-Fi, a large
clubroom with plasma TV and a billiards table, package receiving and free
assigned covered parking.
Apartments feature built-in bookshelves, extra storage
space, ceiling fans, full-size washer and dryer connections, large closets and
private fenced patio or balcony.
For a complete
copy of the company’s news release, please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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