Meadows at Ferguson is directly off Ferguson Road and Interstate 635 near downtown.
DALLAS—Meadows at Ferguson is a 264-unit partially affordable housing property that recently sold to an undisclosed buyer. The 264-unit garden-style property was built in 1983 and consists of a mix of one-, two- and three-bedroom units with an average of 723 square foot per unit.
The gated community includes a fireplace and private balcony in each unit. Common area amenities include a business center, clubhouse, courtesy patrol, laundry service/facilities, picnic area with grill and playground, two swimming pools, and onsite property management.
Situated in the Northeast submarket of Dallas at 11760 Ferguson Rd., Meadows at Ferguson is directly off Ferguson Road and Interstate 635, minutes from downtown with access to employers throughout the Dallas metro. The property is in walking distance to Meadow Creek Village Shopping Center which is home to many stores, retailers, restaurants and nightlife. Additionally, Meadows at Ferguson is minutes from the Dallas Athletic Club, several neighborhood parks and a 10-minute drive to Lake Ray Hubbard.
Greysteel senior managing director Doug Banerjee, managing director Boyan Radic, directors Andrew Mueller and Daniel Hartnett, and senior investment associate Scott Simon arranged the sale on behalf of the seller and arranged the financing on behalf of the buyer.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
