By Razvan Cimpean
TH Real Estate has acquired Churchill on the Park, a 448-unit community in Dallas from Sentinel Real Estate. Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of the garden-style multifamily asset.
The 17-building property, located at 7601 Churchill Way, consists of one- and two-bedroom apartments ranging from 668 to 1,237 square feet. Community amenities include a fitness center, business center, swimming pool and 800 parking spaces. The asset, completed in 1999, is situated next to Anderson Bonner Park and about two miles from Interstate 635. Churchill on the Park offers easy access to major employment centers, including Cityline, the Galleria and Medical City Dallas Hospital.
IPA’s Will Balthrope, executive director, Drew Kile, senior director, and Joey Tumminello, associate, negotiated the deal on behalf of the seller. The same team brokered the sale of a 288-unit Rio Grande Valley community in October last year.
Image courtesy of Marcus & Millichap