Newly Built Multifamily Building Sells in Austin

Glen Allen, VA-based Weinstein Properties acquired the 342-unit Bexley Tech Ridge at 1200 E. Parmer Ln. in Austin from Continental Properties Co. Terms of the deal were not disclosed.

The 330,601-square-foot, three-story multifamily complex was built in 2014 in the Outer North Multifamily submarket.

Will Balthrope, Drew Kile, Michael Moffitt and Jordan Featherstone of Marcus & Millichap represented the seller in negotiations. Balthrope and Kile also negotiated on behalf of Weinstein Properties. [CoStar]


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