DALLAS - Multi-Employer Property Trust has purchased the 218-unit Mondrian Cityplace from USAA Real Estate. The 20-story luxury high-rise, located at 3000 Blackburn St., contains about 19,000 sf of retail.
The Mondrian’s appraised value is $44 million, according to the Dallas Central Appraisal District, and is 98 percent leased.
The rental high-rise has been on the market since summer 2012.
Read more at the Dallas Business Journal.
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