Granite Towers Equity Group Acquires 229-Unit Hathaway At Willow Bend Apartments In Plano

The multifamily property involved in this transaction consists of 229 units located at 2525 Preston Road in Plano, Texas. The asset, known as the Hathaway at Willow Bend apartments, is situated in a market characterized by strong employment growth and significant population gains, presenting potential for renovation and value enhancement.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Address: 2525 Preston Road
• Market: Plano, TX
• Units: 229
• Buyer: Granite Towers Equity Group
• Seller: S2 Capital Acquisitions
• Brokers: Brian O’Boyle Jr, Brian Murphy & Jack Forman - Newmark
• Mortgage Brokers: Brian Kochan & Michael Caglianone - Newmark

In this transaction, Newmark's Brian O’Boyle Jr, Brian Murphy, and Jack Forman represented the seller, S2 Capital Acquisitions, while Brian Kochan and Michael Caglianone facilitated the acquisition financing for the buyer, Granite Towers Equity Group. This deal reflects active involvement from multiple brokers, highlighting the collaborative effort in securing financing and facilitating the sale of this multifamily asset.