2021 Lawyers in Real Estate Awards
Last year, the Connect CRE team followed up our well-received Next Generation Awards and Women in Real Estate Awards with the inaugural Lawyers in Real Estate Awards. For...
2021 Women in Real Estate
Announcing the 2021 Winners for the Connect CRE Women in Real Estate Awards.
From hundreds of submissions, we have highlighted women with achievements and...
2021 Next Generation Awards
Connect Commercial Real Estate is proud to present the winners of our 2021 Next Generation Awards. In one of the most challenging years on record for the industry,...
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Westmount Sees West End on Eldridge’s Growth Potential
West End on Eldridge, a 192-unit apartment community located in Houston’s Energy Corridor submarket, recently sold for an undisclosed purchase price. Dallas-based Westmount Realty Capital acquired the property.
Chris Curry, Todd Marix, Joey Rippel, Chris Young, Jeffrey Skipworth and Kyle Whitney of Berkadia Houston represented the seller, Melville, NY-based Duck Pond Realty Management.
“The buyer acquired West End on Eldridge at a very attractive basis relative to replacement cost,” said Curry. “Houston is one of the few markets where this is still possible today.”
West End on Eldridge was built in 1998 and renovated in 2009. Located at 2255 Eldridge Pkwy., the property is 40 minutes from both downtown Houston and George Bush Intercontinental Airport, with access to I-10 and the Westpark Tollway.
“The property benefited from a robust Houston spring and summer leasing season, and demonstrated impressive growth on lease trade-outs throughout the disposition,” adds Marix. “In a rapidly rebounding Energy Corridor submarket with limited new supply going forward, West End has considerable value-add potential and is positioned for growth.”
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.