THE WOODLANDS, TX-A fund advised by CBRE Global Investors has acquired The Retreat at The Woodlands from its developer, Allied-Orion. The sales price was not disclosed, and the Montgomery Central Appraisal District assesses the 2012-completed multifamily property at $17.1 million.
The property is situated on 10 acres at 4400 College Park Dr., and is currently at 95% occupancy.
The Woodlands is fast becoming a major employment center, features some of the highest demographics in the Houston MSA and is experiencing significant growth as exemplified by the approximately 1.5 million square feet of office space that is under construction.
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