Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Folio West Sale Reinforces Patrinely’s Initial Interest in Westchase
A joint venture of Patrinely Group and USAA Real Estate recently sold Folio West, a class-A apartment building located in Houston’s Westchase District at 2525 City West Blvd., to Middle Street Partners. The price was undisclosed. Developed by Patrinely Group and USAA Real Estate in 2017, the building is comprised of 266 units with floorplans ranging from one to three bedrooms built around a center parking structure and courtyard.
“This transaction reinforces our decision over 10 years ago to invest and develop in this submarket,” said Robert Fields, president and CEO of Patrinely Group.
The building’s location in the burgeoning Westchase District puts residents in close proximity to major employers, shopping and dining destinations at nearby CityCentre, The Galleria and other properties.
Dustin Selzer, Matt Kafka and Jett Lucia of JLL served as the listing agent for the transaction.
- ◦Sale/Acquisition
