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High-End Complex Hits Market in Bryan-College Station

BRYAN, TX-A market source says the demographics are such that the 336-unit Signature Park should bait 50-plus offers and more than the $21-million asking price. The complex is 92% occupied, but could be 100% by August when school starts again.

By Tim Green | Updated on June 16, 2002

BRYAN, TX-A 336-unit, class A apartment complex in Bryan has just hit the market and it is expected to draw more interest than a blue-chip football player does at neighboring Texas A&M University.

Signature Park, built in 2001, is about 92% occupied and should be closer to 100% by August, closer to the start of the fall semester at A&M, says Don Ostroff of Grubb & Ellis Co., who’s marketing the property with his partner, Will Balthrope. Ostroff says that they’ve received interest from companies that specialize in student housing as well as from companies that don’t.

The seller is Bryan-based Birkel International, which developed it with Godfrey Construction, also based in Bryan. A market source tells GlobeSt.com that the property is expected to draw 50 or more offers, which should net the seller more than the $21 million asking price.

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