Brazos Residential Acquires 247-Unit Multifamily Property In Grand Prairie Texas For Undisclosed Amount

The Watson is a 247-unit multifamily property located at 3090 Outlet Parkway in Grand Prairie, Texas. The asset spans 17 acres and includes three-story buildings, a parking structure, a fitness center, a clubhouse, a playground, and a pool. It is situated near Texas State Highway 360 and Interstate 30.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Units: 247
• Acres: 17
• Address: 3090 Outlet Parkway
• Market: Grand Prairie, TX
• Buyer: Brazos Residential
• Seller: Texas-based owner
• Brokers: Wes Racht, Nick Fluellen & Bard Hoover - Marcus & Millichap

Marcus & Millichap acted as the broker representing the seller and facilitated the acquisition by Brazos Residential. The brokers involved in the transaction include Wes Racht, Nick Fluellen, and Bard Hoover.