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| Ranch at City Park, 11900 City Park Central Lane, South Houston, TX |
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| Chris Curry |
HOUSTON, TX – Feb. 25,
2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed
the sale of Ranch at City Park, a
270-unit, Class A multi-housing community in south Houston.
HFF marketed the property
exclusively on behalf of the seller, Gaia Real Estate. A Chicago-based private equity group
purchased the asset for an undisclosed amount.
Ranch at City Park is
situated on 13.76 acres at 11900 City Park Central Lane, approximately 10 miles
south of Houston’s central business district.
In addition to its
location along Highway 288, the property provides nearby access to other major
thoroughfares including Beltway 8, Loop 610, the Fort Bend Parkway Toll Road
and Highway 90.
The property has one- and
two-bedroom units averaging 893 square feet each and features amenities
including a resort-style swimming pool, outdoor fireplace, picnic and grilling
area, 24-hour fitness center, clubhouse, game room with billiards table,
theater room, cyber café and detached garages.
The HFF investment sales
team representing the seller was led by managing director Chris Curry, senior managing directors Todd Stewart and Todd Marix
and associate director JC Clemens.
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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