Real Points

Daily Reports on Commercial Real Estate


Sale: Westgate Apartments

Category:
Author:
By
Post date:
August 12th, 2012 8:42am

WG Apartments LLC has acquired Westgate Apartments, a 256-unit multifamily community at 3829 William Dehaes Drive in Irving.

The deal was put together by Taylor Snoddy, Mark Freeman, and Philip Wiegand of Transwestern.

The off-market deal was negotiated and closed within 45 days, Snoddy said. The buyer received Fannie Mae financing and plans to renovate the property’s interiors, he added.

The Irving submarket is tightening, Snoddy reports: “Activity is picking up in Irving with occupancy at 95 percent and rents up 3.6 percent.



Leave a Comment

* required fields

Welcome to D Real Estate Daily, a news site brought to you by D Magazine Partners



Sectors


Submarkets



  • Echo Global Logistics has leased 8,069 square feet of office space in Advancial Tower at 1845 Woodall Rogers Fwy. in Dallas. More »
  • Trace Resources has leased 9,680 square feet of office space at 1300 S University Dr. in Fort Worth. More »
  • ALM Media has leased 4,961 square feet of office space in Harwood Center at 1999 Bryan St. in Dallas. More »
  • Malouf Lynch Jackson & Swinson has leased 6,446 square feet of office space in Four Forest Plaza at 12222 Merit Dr. in Dallas. More »
  • Tenaska Inc. has leased 32,102 square feet of office space in the Offices at Brookhollow at 1701 E. Lamar Blvd. in Arlington. More »
  • G Wear LLC has leased 11,407 square feet of retail space in the Cascades at The Colony at 5909 Stone Creek Drive in The Colony. More »


Supporting Partners