Multifamily - Sale

Northmarq’s Austin office brokers sale of The Quinn South at Westchase in Houston, Texas

AUSTIN, TEXAS (September 28, 2022) – Scott Lamontagne, managing director, and Justin Chambers, senior associate of Northmarq’s Austin investment sales team secured the sale of The Quinn South at Westchase. The 369-unit/2-story multifamily property (built in 1978 with full renovation under way) is located at 2201 Hayes Road, Houston, Texas. 

Northmarq represented both a Houston based private buyer, and an Austin based seller, Casoro Group, in the sale. “Despite significant market headwinds, the combination of a tenacious Northmarq debt team coupled with determined buyer and seller teams we were able to get this transaction over the finish line!  There is significant upside possibilities with this asset and we expect the buyer to be able to provide outsized returns to their investors,” said Lamontagne.

Presenting flexible floor plans in a prime West Houston suburb, The Quinn South at Westchase offers the ideal atmosphere for relaxation with city proximity. The Property is situated 17 miles from Downtown Houston, surrounding residents with entertainment, employment, and education opportunities. Westchase is a bikeable and walkable community, accessible to three high-end shopping centers while conveniently tying to I-10.

The property features unique community amenities including a tennis court, dog park, garden, fireplace, fitness center, swimming pool with sundeck, courtyard, playground, clubhouse, outdoor grill, and walking/biking trails. Apartment amenities include: Walk-in closets, updated stainless-steel appliances, luxurious kitchen backsplash, granite countertops, custom-framed mirrors, window coverings, new flooring, 9’ ceilings, in-unit washer/dryer hookup, high speed internet, and assigned parking space.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.