GRAND PRAIRIE, TX-A local investor has bought a multifamily property in Grand Prairie for an undisclosed price. Lexington Prairie LP has purchased The Lexington, a 164-unit apartment complex, in an off-market deal.
The apartment community was sold by Lexington Apartments LLC, which bought the complex in early 2011. The property was 90% occupied at the time of closing. Sam Pettigrew from Dallas-based The Cantrell Co. negotiated the deal on behalf of both the buyer and the seller. For the full story, go to Dallas Business Journal .
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