SAN FRANCISCO—GlobeSt.com has exclusively learned that the saleof Park Lake Apartments here in Walnut Creek, CA, is a done deal.The 184-unit garden-style multihousing communitywas sold by Carmel Partners.
The asset, brokered by HFF, was purchased byTIAA-CREF. Park Lake Apartments is located at 100Park Lake Circle at the intersection of Ygnacio Valley and BancroftRoads, within a short drive of two Bay Area Rapid Transit Systemstations and in close proximity to downtown Walnut Creek.
Situated on 10.5 acres, the community includes 96 one-bedroomand 88 two-bedroom units averaging 876 square feet each. Community amenities include a heated pool and spa, fitness centerand assigned covered parking.
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