SAN ANTONIO, TX – JLL announced today that it has closed the sale of Tulane Apartments, a 64-unit apartment property in Brownsville, Texas.
JLL and ICO Commercial represented the buyer, Brugge Properties, in the purchase of the property from Tulane Properties, LLC.
Tulane Apartments consists of 64 one-bedroom units sprawled on 2.55 acres in Brownsville, the largest city in the Rio Grande Valley, along Highway 69, the main arterial highway that connects the region. This garden-style, two-story property offers residents a total of 54,234 square feet of living space.
The JLL Capital Markets team representing the buyer was led by Executive Vice Presidents Moses Siller and Zar Haro.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL: JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com