Marcus & Millichap Lists Four-Property Multi-Family Portfolio in Texas

DALLAS, TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for four multi-family properties totaling 750 units in Carrollton, Irving and Fort Worth, Texas.

Norman Eastwood, (top right photo) first vice president investments and a senior director of Marcus & Millichap’s National Multi Housing Group in Dallas, is representing the seller, a non-local investment group.

“This portfolio offers an excellent opportunity for an investor to acquire four stabilized multi-family properties with tremendous upside potential in outstanding locations,” says Eastwood.

The portfolio includes:

· Keller Oaks (photo at right)-- Located at 2121 Marsh Lane, Carrollton, the 185,016-square foot apartment community consists of 220 units situated on a 10.88-acre lot, near an abundance of major employment.

· Woodchase Condominiums — (middle right under Keller Oaks) Located at 4060 North Belt Line Road, Irving, the 58,322-square foot apartment community consists of 74 units situated on a 3-acre lot, within close proximity to the Dallas/Fort Worth International Airport.

· Claredon Apartments — (middle left photo) Located at 3800 North Belt Line Road, Irving, the 155,568-square foot apartment community consists of 192 units situated on an 8.03-acre lot, just south of the Dallas/Fort Worth International Airport.

· Sycamore Hill — (top left photo) Located at 4633 Sycamore School Road, Fort Worth, the 204,104-square foot apartment community consists of 264 units situated on a 10.38-acre lot, near several employment, entertainment, shopping and transportation options.

The properties boast such amenities as swimming pools, Jacuzzis, fitness centers, on-site laundry facilities, barbecue grills, ceiling fans, walk-in closets, dishwashers and microwaves.

Press Contact: Stacey Corso
Communications Department
(925) 953-1716

Grubb & Ellis|Commercial Florida Negotiates $15.1M Investment Sale of 5.641 Acres at Downtown Plaza in Orlando, FL

ORLANDO, FL -- Grubb & EllisCommercial Florida, one of the leading providers of integrated real estate services in the southeast, has negotiated a $15.1 million investment sale of 5.641 acres of land at Downtown Plaza, 400 N. Orange Ave. in Orlando.

David G. Calcanis, (top right photo) vice president for the firm’s Land Group and Jeffrey S. Sweeney, SIOR, president of Grubb & EllisCommercial Florida, negotiated the transaction on behalf of the seller, Downtown Plaza, LLC, a Florida limited liability company.

The buyer is 400 North Orange, LLC, a Delaware limited liability company.

Calcanis said the property, located adjacent to the new Lynx Center Transit Terminal and across the street from the Orange County Courthouse, was the last large parcel in the center of downtown Orlando.

It has been approved for four towers housing 907,000 square feet of offices, 76,000 square feet of retail and restaurants, 150 residential condos, 150 hotel rooms, 50 residential/office lofts and a 2,547 vehicle parking garage.

CONTACT: Lvershel@larryvershel.com or moises@larryvershel.com