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IPA Arranges Deal for Fort Worth’s Bowery at Southside

Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged the sale of The Bowery at Southside, a transit-oriented, 303-unit multifamily property in the South Main Village development in Fort Worth.

“The Bowery at Southside benefits from its location within pedestrian-oriented South Main Village and proximity to the Trinity Railway Express T&P terminal and the Near Southside Medical District,” said Drew Kile, IPA senior managing director. “The property’s popularity with renters was clearly demonstrated during a six-month stretch of the lease-up period when it attracted new residents at a pace of 21 leases per month.”

IPA’s Kile, Joey Tumminello and Will Balthrope represented the seller, StoneHawk Capital Partners, and procured the buyer, Weinstein Properties. “The Near Southside Medical District’s major hospitals and 40,000 jobs make it Tarrant County’s second-largest employment center,” added Tumminello.

Balthrope said IPA’s “deep network” of investor relationships statewide “contributed greatly to closing this transaction.”

Connect With IPA’s Kile, Tumminello and Balthrope


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types as well as delving into broader subject matter. He produces 15-20 daily news stories per day and also works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.

  • ◦Sale/Acquisition
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