Dallas' 535-unit Gramercy on the Park soldDallas' 535-unit Gramercy on the Park soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=21132014-12-22T08:02:00Z2014-12-22T00:00:00Z

DALLAS - Gramercy on the Park, a 535-unit apartment community, has been sold to CBRE Global Investors.

The Class A project, located at 4755 Gramercy Oaks Dr., was completed in 2011 and is 94 percent leased.

Rents in Gramercy on the Park average more than $1,200 per month. The community offers one- and two-bedroom units.

Billingsley Co. sold the property.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2014/12/billingsley-sells-major-apartment-community-in-far-north-dallas.html/Read more at {Source}

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