Built in 1979 on 13 acres, Cooper Park has a swimming pool with a covered lounge area, a laundry facility, and a dog park. Apartments have hardwood floors, washer and dryer connections, and a patio or balcony.
Institutional Property Advisors (IPA), a division of Marcus & Millichap, dedicated to serving the company’s institutional clients, announced the sale of Cooper Park, a 180-unit multifamily property in Arlington, Texas.
“Cooper Park Apartments is a well-positioned asset in the high-demand Dallas-Fort Worth Metroplex,” said William Hubbard, IPA senior director investments. “The property presents the buyer with a compelling value-add opportunity through interior renovations and amenity enhancements.” Hubbard and IPA’s Taylor Hill, Michael Ware, Drew Kile, and Joey Tumminello represented the seller, Bridwell Capital, and procured the buyer, Endurance Capital.
The property’s location close to Interstate 20, Interstate 30, and State Highway 360, gives residents access to points throughout the Metroplex. The University of Texas at Arlington, The Parks Mall at Arlington, AT&T Stadium, and Globe Life Field are nearby. Major employers in the area include Texas Health Resources, General Motors, and GM Financial.
“IPA in Texas provides investors with a large inventory of high-quality multifamily investment opportunities in every market, offering local market research and sales expertise in Dallas-Fort Worth, Houston, Austin, and San Antonio,” said Will Balthrope, IPA executive director.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
Institutional Property Advisors (IPA) is a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios.
