Northland at Stonehollow Trades in Austin

Oct 9, 2014

An affiliate of Chicago-based Heitman LLC acquired the Northland at Stonehollow community at 11915 Stonehollow Dr. in Austin, TX for an undisclosed amount

The three-story, 524,660-square-foot garden-style community was built in 1996 in the North Central area of Austin. Comprised of 606 units, the community offers one-, two- and three-bedroom floor plans with an amenities package that includes a clubhouse, fitness center with saunas, business center with conference room, a private media center and theater and two resort-style pools with sun decks

Northland at Stonehollow was 95% leased at the time of sale

Patton Jones of ARA brokered the lease on behalf of the sellers, a joint venture between Northland Investment Corp. and Carlyle Investment Management

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