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Arlington's 232-unit Running Brook sells to Canadian firmArlington's 232-unit Running Brook sells to Canadian firmhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=45962015-08-31T05:00:00Z2015-08-31T19:00:00Z

ARLINGTON - Running Brook, a 232-unit multifamily community, has been sold to Canada-based Marlin Spring US Realty.

The 185,224-sf asset, located at 1519 Running Brook Dr., was built in 1983. The 21-building complex is comprised of studio, one-, two- and three-bedroom units. It was 96 percent occupied at closing.

Recent capital improvements include new roofing, irrigation system installation, new property signage, new commercial grade playground, new solar screens and business center addition.

The buyer assumed a Fannie Mae loan that will be due in 2021. This is the buyer’s first DFW-area acquisition.

Chris Deuillet, First Vice President with CBRE in Dallas, represented the seller.

CBRE
Dallas-Fort Worth-Arlington
Multifamily
http://www.cbre.us/o/dfwmarket/Pages/media-center.aspxSource: {Source}

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