AUSTIN--ARA, A Newmark Co. has brokered thesale of Wellington Palms, an 86-unit communitylocated in five miles north of downtown Austin.

Situated two miles from the new 711-acreMueller redevelopment project, occupancy at thetime of the sale was 100 percent.

ARA Newmark executive managing director AndrewShih represented the seller, a private partnership out ofLos Angeles, and the buyer was GVA, a local realestate investment firm specializing in value-add opportunities inrapidly gentrifying locations.

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