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Marcus & Millichap Brokers The Sale Of A 152-Unit Apartment Building In Irving, Texas

May 20, 2022

IRVING, TEXAS, May 20, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Vanderbilt, a 152-unit apartment property located in Irving, Texas.

David Fersing, First Vice President, Nick Fluellen, Senior Managing Director, Bard Hoover, Senior Managing Director, and Wesley Racht, Senior Associate, in Marcus & Millichap’s Dallas office, had the off-market opportunity to secure a buyer, Tony Lin.

“The Fluellen-Hoover Team was able to work with Mike Spotts, a repeat client, who is a vertically integrated owner located in the DFW metroplex. We were selling a property in Arlington for the buyer, and he was actively looking for the next property while we were under contract. Once his down-leg closed in Arlington he then immediately closed on the purchase of Vanderbilt. The transaction between the two parties was seamless and we look forward to working with both parties again.”

Vanderbilt is located at 2053 Estrada Pkwy in Irving, Texas.

 

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About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

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