|Number of units||342|
Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Lofts at Watters Creek (the “Property”), a 342-unit institutional legacy asset in Allen, Texas. Positioned along US-75, The Property is in the heart of the Watters Creek at Montgomery Farms mixed-use development, which is home to over 360,000 square feet of retail and 100,000 square feet of office.
The location is bolstered by the thriving Allen office market while remaining minutes from several major employment centers. Built in 2009 and 2016, Lofts at Watters Creek remains 95% occupied, while offering complete operational flexibility for a future investor to expand and implement an interior renovation program in an irreplaceable location at a basis significantly below replacement cost.
· Unique value-add opportunity
· Top tier school system with desirable surrounding demographics
· Strong employment base within the growing Allen office market
· Desirable mixed-use location within Watters Creek at Montgomery Farms