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Texas  + Apartments  | 

Marcus & Millichap Arranges Trade of Pasadena Workforce Housing

Marcus & Millichap arranged the sale of Pasadena Portfolio, consisting of two workforce housing properties totaling 227 units located in Pasadena, TX. Financial terms of the sale weren’t disclosed.

Jeffrey Fript, first VP investments, and Christian Mazzini, senior associate in Marcus & Millichap’s Houston office, marketed the property on behalf of the seller, a private investor. The buyer, a limited liability company, was secured and represented by Fript and Mazzini. According to Fript, the buyer plans to make extensive renovations to both the interior and exterior of the properties.

Pasadena Portfolio is located at 2120 Strawberry Rd. and 3201 Red Bluff Rd. in Pasadena.

For comments, questions or concerns, please contact Paul Bubny

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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 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).

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