Arlington apartment complex changes hands
Pioneer Villas, a 90-unit garden-style multifamily community, located at 200 W. Pioneer Parkway in Arlington, has been sold to Agorazo I LLC for an undisclosed amount.
The Greysteel Co.’s multifamily investment sales team led by Boyan Radic, Doug Banerjee, Andrew Mueller and John Marshall Doss in Fort Worth served as exclusive adviser and agent to Katz Matlock Place LLC in the sale of the property.
Greysteel is a commercial real estate and capital markets services firm based in Washington, D.C., with seven offices across the country.
The property consists of a unit mix of four efficiency units, nine one-bedroom units, 64 two-bedroom units, 12 three-bedroom units, and a single four-bedroom unit. Pioneer Villas was built in 1973.
“Pioneer Villas was the third property Greysteel has closed along Pioneer Parkway in the last eight months. We were able to attract multiple offers in this highly active and sought after Arlington market,” said Greysteel Director Doug Banerjee. “This specific submarket of Arlington was particularly desirable to buyers due to its proximity to major economic drivers such as the University of Texas at Arlington, General Motors assembly plant and both AT&T Stadium and Globe Life Park.”