CBRE Capital Markets Completes 105-Unit Urban-Infill Multifamily Sale in Dallas
13 6 2018
CBRE announces the sale of Magnolia at Lakewood, a 105-unit, Class A multifamily community in Dallas. Japan-based MDI, LLC purchased the asset from MPC Lakewood, LLC for an undisclosed price.
The 89,784-square-foot asset is located at 2175 Tucker Street in the popular Lakewood neighborhood of Dallas and was built in 2017. The complex is within walking distance of White Rock Lake and features spacious units with amenities such as a resort-style swimming pool, fitness center, gated parking courts and a resident lounge/clubhouse.
“Magnolia at Lakewood is a prime example of a premium property located in an area that is going through significant redevelopment,” said Mr. Deuillet. “CBRE was able to access our domestic as well as international investors to recruit the ideal buyer for this private client-sized, Class A property.”
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.