Greysteel, a national commercial real estate investment services firm, has arranged the sale of Midpark Towers, a multifamily property located in Dallas, TX.

This transaction was arranged by Greysteel Managing Director, Boyan Radic, Senior Director, Doug Banerjee, Investment Associate, Andrew Mueller, and Junior Investment Associates, Ryan Hill and Andrew Hanson, who are all based in the Company’s Dallas-Fort Worth office.

Midpark Towers, built in 1978, is a 202-unit mid-rise multifamily property composed of a 10-story tower and an 11-story tower. The property is located at 8550 Midpark Road just blocks from the highly desired suburb of Richardson. The prime location of Midpark Towers provides residents with easy access to numerous transit options including the bus stops on Midpark Road and Dallas’ DART Orange and Red line light rail system at Spring Valley Station. Many are attracted to the area surrounding the multifamily property, as it is a short commute to numerous major employers and the Medical City Hospital.

“Originally developed and operated by the seller since 1978, Midpark Towers was the only remaining Texas asset for the out-of-state ownership group,” said Mr. Radic. “The new owner plans to improve operations by renovating unit interiors, common areas, and through a more hands-on and localized management approach,” he added.

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with seven offices located in Los Angeles, CA; Washington, D.C.; Baltimore, MD; Philadelphia, PA; Dallas, TX; and Fort Worth, TX. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets.