FORT WORTH–The Shops at So7 and So7 Parkside Urban Apartments in Fort Worth have been sold. On behalf of CDK Realty Advisors representing an institutional client, JLL Capital Markets announced the sale. Tabani Group purchased the property for an undisclosed amount. Starwood Mortgage Capital provided the financing for the purchase.
“This was a somewhat challenging property because of the disproportionate ratio of multifamily to commercial space,” Jorg Mast, senior vice president with JLL, told GlobeSt.com. “It required a creative marketing approach, but we’ve worked with Tabani in the past and knew they had an appetite for mixed-use space and would see the upside potential in the investment.” [GlobeSt]
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