925 Main Street (Sold)

Moran and Company is pleased to announce an exclusive listing for the sale of 925 Main Street, a mixed used development of 251 luxury multifamily units and 19,664 (+/-) SF of lifestyle retail in historic Downtown Grapevine, Texas.

Investment Highlights

• State-of-the-art Luxury Product with Proven Performance - 925 Main Street demonstrates that state-of-the-art luxury apartment product in an exceptional location equals strong performance. The 251 multifamily units experienced a rapid lease-up at strong effective rents. The retail component is demonstrating leasing momentum with four leases in-place, three of these were signed since December 2009.
  
  
• Well-Appointed Luxury Multifamily Product - Luxury finishes at 925 Main Street include: slab granite countertops, stainless steel appliances, and hardwood flooring. Residents enjoy a resort quality pool, community room with kitchen, business center with conference room and a structured parking garage.
  
  
• Well-Integrated Retail Component with Leasing Momentum - The 19,664 (+/-) SF of retail space at 925 Main Street creates a continuation of the historic downtown Grapevine high-street. Main Street in Grapevine, Texas is an established and popular regional retail destination.
  
  
• Central Metroplex Location with Rail Station Planned Across the Street - 925 Main Street is centrally located between Dallas and Fort Worth, near DFW Airport. The property is directly south from the future Grapevine Main Street light rail station. The community is within a 15 minute commute of Las Colinas, Westlake, and Convergence Office Park.