HOUSTON--ARA, A Newmark Co. (ARA Newmark) hasbrokered the sale of Calais at Courtlandt Square,a 356-unit, class A property in the city's sought-after Midtownarea.

ARA Newmark executive managing director DavidMitchell represented Internacional Realtyin the transaction with Venterra Living, whichacquired the property for an undisclosed price.

Calais at Courtlandt Square was 95 percent occupied at the timeof the sale due to its proximity to Metro Rail and localthoroughfare Highway 59, connecting residents to the centralbusiness district, Texas Medical Center, the performing artsdistrict, Rice University and the University of Houston.Surrounding the New Orleans-style apartments at 210 Louisiana St.are major grocery, retail, nightlife spots and restaurants such asReef, T'afia andBrennan's of Houston. Other tenants includeCVS Pharmacy, Walgreens,24 Hour Fitness Super Sport, and there are plansfor a Whole Foods Market adjacent to theproperty.