AUSTIN-A joint venture including Austin-based Falcon Southwest and BNY Mellon Investment Manager has bought Palazzo, a 300-unit apartment complex at 1011 Wonder World Drive in San Marcos, from a private seller. Terms of the deal were not disclosed.
The Class A multifamily development, situated near Central Texas Medical Center, Texas State University, San Marcos Premium Outlets and Tanger Outlet Center, was purchased directly from the seller. Charleston, SC-based Greystar was marketing the units earlier. For the full story, go to Austin Business Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
