AUSTIN--Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of The Kenzie at The Domain, a 279-unit, six-story multifamily complex in Austin. The terms of the deal were not released.
IPA executive director Will Balthrope and IPA director Drew Kile advised the seller, StreetLights Residential, and procured the buyer, an institutional investor.
“The Kenzie at the Domain in Austin Texas is one of the finest mid-rise developments in the United States,” Balthrope told GlobeSt.com. “It defines what suburban core buildings represent: It offers an ultra-luxury living environment that is walkable to nearly one million square feet of high-end retail, dining and entertainment options, as part of the master-planned Domain development."
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