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DALLAS-Atlanta-based Post Properties Inc. has hawked a 1.5-acre tract in a combined sale with an Atlanta high-end community that nets $24.7 million in gross proceeds for the REIT.

Perry Homes is the buyer of the tract in Dallas’ upscale Uptown neighborhood, a close-in section with rapidly diminishing developable sites. Proceeds of the back-to-back sale sales will be used to lower debt and fund development projects.

In Plano, Post has leased up its 384-unit Post Legacy, part of the 150-acre Legacy Town Center. Total build-out cost peaks at $33 million, according to the company.

The high-end lofts are in the heart of the Town Center, a blend of apartments, retail, office and hotel components situated east of the Dallas North Tollway. More than 250,000 sf of retail space is under construction as is 300,000 sf in two office projects. Legacy, as most locals know, is home to the corporate headquarters of EDS, Ericsson, JCPenney, Dr. Pepper/Seven Up and Frito-Lay Co.

Post Legacy is designed with 70 floor plans, ranging from 500 sf to 931 sf and monthly rents going from $500 to $1,145. The project boasts ground-floor retail and the lofts come with vaulted ceilings and concierge service as part of the amenity package.

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