Search
 

Pair of MFs Brings $27M

PHOENIX—Bank of America Community Development in Dallas sold for $27.35 million Mill Pointe and 201 West, a pair of multifamily properties, located at 4130 S. Mill Ave. and 201 W. Hermosa Dr., respectively. The buyer was Gelt Inc. of Los Angeles.

By Kristian Seemeyer | Updated on April 10, 2014

PHOENIX—Bank of America Community Development in Dallas sold for $27.35 million Mill Pointe and 201 West, a pair of multifamily properties, located at 4130 S. Mill Ave. and 201 W. Hermosa Dr., respectively. The buyer was  Gelt Inc. of Los Angeles. The sale price brought $62,018 per unit, which equates to $78.94 per square foot.

Jim Crews and Brett Polachek of Cushman & Wakefield negotiated the transaction.    

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.