HFF closes sale of Coral Gables Apartments in southwest Houston

 HOUSTON, TX –HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of Coral Gables Apartments (top left photo), a 318-unit multi-housing community in southwest Houston.

HFF marketed the foreclosed property on behalf of the seller.  CG Properties, LLC, a Houston-based private capital company, purchased Coral Gables Apartments for an undisclosed amount using a bank loan as bridge financing.

Coral Gables Apartments is situated on a 13-acre site at 10522 Beechnut just west of the Sam Houston Tollway in southwest Houston.  The property is less than a 10 minute drive to Houston’s Westchase District, one of the area’s largest employment centers.  Units average 882 square feet each.

The HFF team that represented the seller included senior managing directors Craig LaFollette (lower  right photo), Todd Stewart, Todd Marix, director Tre Banks and associate director Chris Curry. 

The LS Realty Advisors team of David Fantin (multifamily acquisition and consulting) and Heidi Castiglione (multifamily agent) represented the buyer.

Contacts:  

M. Todd Marx, HFF Senior Managing Director, (713) 852-3500, tmarix@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500

krmurphy@hfflp.com