New York City-based firms Carlton Strategic Ventures and The Modlin Group sold the largest privately owned dormitory at the University of Texas at Austin to San Francisco-based Fowler Property Acquisitions for an undisclosed amount.
The 27-story dormitory holds 322 dorms and is accompanied by approximately 90,000 square feet of retail shops and a six-level, 250,000-square-foot parking garage.
Brian Kelly of HFF brokered the transaction on behalf of the selling venture. [CoStar]
To read the full article visit NYC-based Partnership Sells the Dobie Center in Austin