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| The Mansions Apartments, 2905 South Lee’s Summit Road, Independence, MO |
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| Sean Fogarty |
CHICAGO, IL – July 20,
2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed
the sale of The Mansion, a 550-unit multi-housing community in Independence,
Missouri.
HFF marketed the asset on
behalf of the seller, an affiliate of TIAA-CREF. Aragon Holdings, LLC purchased the property
free and clear of existing debt using funds from its discretionary Aragon
Multi-Family Fund IV.
The Mansion is situated on
32 acres at 2905 South Lee’s Summit Road near Interstates 70 and 470 and Highway
291 in Independence, approximately 12 miles southeast of downtown Kansas
City.
The garden-style apartments have
one-, two- and three-bedroom units averaging 794 square feet each.
The property features two swimming pools, hot
tub, tennis courts, racquetball courts, state-of-the-art fitness center,
business center and an historic 7,100-square-foot mansion that was designed by
Wight and Wight in the mid-1910s.
The HFF investment sales
team representing the seller was led by managing directors Sean Fogarty and Marty
O’Connell and associate director Wick
Kirby.
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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