AUSTIN—Denver, CO-based Griffis Residential has acquired Chez Moi Apartments, a 384-unit class A garden-style multifamily community in the north central submarket of Austin. HFF arranged the acquisition financing for the transaction.
Effective immediately, Chez Moi Apartments has been renamed Griffis at the Domain.
"Chez Moi's untouched value-add opportunity and proximity to The Domain were plusses for the acquisition," Griffis' vice president of acquisitions Jim DiRienzo told GlobeSt.com. "Aside from being an exciting retail destination, The Domain has a good employment story with Amazon taking 76,000,000 square feet of office space. Also, the community has excellent access to the tech corridor employers at a significant discount to new construction in the area."
Built in 1997, the property offers one- to three-bedroom apartments with nine-foot ceilings, ranging in size from 644 to 1,367 square feet. The gated community features a comprehensive set of high-end amenities including a clubhouse, business center, fitness center, carports, garages and a large pool with spa.
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