Tuesday, October 19, 2010

Marcus & Millichap Sells Campus Park in Denton, TX

 DENTON, TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of Campus Park, a 192-unit, 564-bed student housing property in Denton.

Will Balthrope (middle right photo), a vice president investments in the firm’s Dallas office, and Ryan Epstein (lower left photo), a senior associate in San Antonio, represented the buyer, M&A Real Estate Partners and the seller, Internacional Realty Inc.

“Campus Park is a 96-percent occupied student housing asset strategically located between a high-traffic interstate and one of Texas’s fastest-growing universities,” says Balthrope.

            The property is located near Interstate 35E at 1541 Meadow St. in Denton, less than two miles southeast of the University of North Texas (UNT) and two miles south of Texas Woman’s University (TWU).

            Completed in 2000, the 191,808-square foot Campus Park has four floor plans. Amenities include a swimming pool with outdoor spa and sun deck, fitness center, sport court, sand volleyball, computer lab, clubroom with big- screen TV, billiards table, fully equipped kitchen and wood-burning fire pit. Each unit has its own full-size washer and dryer.

The University of North Texas (lower left photo) is a student-centered public research university with approximately 34,700 students, including an incoming first-year class of 3,390 students. Texas Woman’s University has an enrollment of more than 11,800 students.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

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