Award-Winning Multifamily Property Sold by IPA Texas in Bryan, TX

Park Hudson Place, 4050 Pendleton Drive, Bryan, TX

BRYAN, TX – Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Park Hudson Place, a 232-unit multifamily asset in Bryan, Texas. The terms of the sale were not released.

           

Will Balthrope

IPA executive director Will Balthrope and IPA directors Drew Kile and Nester Clark represented the seller, an entity led by Klabzuba Realty, and procured the buyer.

          

  “Park Hudson Place is situated within the Bryan/College Station metropolitan statistical area, which is one of the fastest-growing secondary markets in Texas,” says Balthrope. “The acquisition provides the new owner with a first-generation value-add opportunity and excellent revenue growth potential.”

 “This transaction represents the completion of a successful business plan that generated attractive returns to our investors,” adds Klabzuba executive vice president Clint Corn. “The property execution team, led by Alamo Manhattan and Myan Management, was able to stabilize the asset and capitalize on the growth in the market.”

         

   Park Hudson Place is located at 4050 Pendleton Drive in Bryan approximately three miles from Texas A&M University and near the intersection of Texas State Highway 6 and University Drive. 

Science Park at Research Valley, a 53-acre master-planned development created to serve as a hub for scientific innovation and technology transfer is less than four miles from the property.

Drew Kile

Park Hudson Trail, which is approximately two miles long and expands over 59 acres and connects to 12-acre Tiffany Park, is across the street. 

Also across the street is the Brazos County Tax office which is under construction. The Physicians Centre Hospital is a half-mile away.

            “Buyer interest for this asset was very strong as investors recognized the strength of the Bryan/College Station market,” notes Kile.

            Apartments at Park Hudson Place feature full-size washers and dryers, laminate wood floors, carpet and tile, ceiling fans, crown molding, linen cabinets and walk-in closets. 

Community amenities include a limited-access gate, detached garages, carports, a resort-style swimming pool, a fitness center, a business center, a conference room, a clubroom and a barbecue and picnic area.

            “Our team’s activity in all of the major markets in Texas allowed us to introduce this top secondary market to new buyers,” concludes Clark.

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

Gina Relva

Public Relations Manager

(925) 953-1716