 |
| Texas Medical Center Portfolio, central Houston, TX |
 |
| Todd Stewart |
HOUSTON, TX – HFF announced it has closed the sale of The
Texas Medical Center Portfolio, which is comprised of El Mundo Park,
Plaza Del Oro and San Marin, three Class A multi-housing communities near
the Texas Medical Center in central Houston.
HFF
marketed the portfolio on behalf of the seller, LeCesse Development Corp. Entities owned by JMG Realty Inc. purchased
all three properties for an undisclosed amount.
The
portfolio totals 470 units, is 96 percent leased overall, and is within two
miles of the Texas Medical Center within Loop 610 in central Houston.
El Mundo Park is
located at 8300 El Mundo Street and has 192 units. Plaza Del Oro is a 66-unit property at 2700 Holly Hall
Street. San Marin has 212 units and is
located at 8181 El Mundo Street.
 |
| Todd Marix |
The
HFF investment sales team representing the seller was led by senior managing
directors Todd Stewart and Todd Marix and directors Chris
Curry and Tre Banks.
Since
1970, LeCesse Development Corporation and its affiliates have developed and
built real estate income properties with a value of more than 1.5 billion
dollars.
Although LeCesse's primary focus has been multifamily
residential development, the company's portfolio has also included Class A
office space, health care, senior housing, and a variety of industrial,
institutional and commercial enterprises.
For
over two decades JMG Realty has flourished as a fully disciplined real estate
company, focusing on management, redevelopment, financial, and investment
services for multi-family real estate properties, servicing both private and
institutional owners.
 |
| Chris Curry |
With headquarters in
Atlanta, Georgia, JMG Realty continues to acquire properties throughout the
Southeast and Southwest and to expand its national presence with regional and
divisional offices located throughout the Northeast, Mid-Atlantic, Southeast
and Southwest.
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
No comments:
Post a Comment