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Texas  + Apartments  | 

Langdon Street Snaps Up Round Rock Apartments

Institutional Property Advisors (IPA), a division of Marcus & Millichap, finalized the sale of Parkwood Terrace, a 144-unit multifamily asset in the Austin suburb of Round Rock.

IPA’s Jordan Featherston, Will Balthrope, Drew Kile and Drew Garza, along with Kent Myers from Marcus & Millichap’s Austin office, represented the seller, James Pinheiro. The buyer is Beverly Hills-based Langdon Street Capital.

“The North Austin area continues to grow rapidly with new developments such as Apple’s $1-billion campus expansion, The District development, Indigo Ridge, and the Kalahari Resort and Convention Center,” said Featherston.

Built in 2000, the property is 1.1 miles from Interstate 35, which provides access to major employment and retail centers throughout the greater Austin area. Major employers in Round Rock and nearby include Apple Inc., Baylor Scott & White, Dell, Hewlett-Packard and State Farm.

For comments, questions or concerns, please contact Paul Bubny

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Inside The Story

Connect With IPA’s FeatherstonConnect With IPA's BalthropeConnect With IPA's KileConnect With Langdon Street Capital

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 daily news stories per day and 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. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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