JLL completes sale of Class A multifamily asset in Rio Grande Valley
Seneca Investments Company sells Stoneleigh Harlingen to Leuven Group.
SAN ANTONIO, February 18, 2018 – JLL Capital Markets experts announced the sale today of Stoneleigh Harlingen, a 180-unit, Class A apartment community in Harlingen, Texas. The luxury multifamily development, located in the Rio Grande Valley of South Texas at 905 N Loop 499, was acquired by Leuven Group.
JLL Senior Vice President Zar Haro, Senior Vice President Moses Siller and Vice President Robert Arzola successfully led the marketing sales effort on behalf of the seller, Seneca Investments.
“Stoneleigh Harlingen boasts unique value-add opportunities to solidify the property’s position as ‘best in class’ for the region,” said Haro. “It’s centrally located near many of the area’s top employers and provides immediate access to quality retail and entertainment. Strategic capital investments paired with strong organic rent growth and the market’s excellent dynamics make Stoneleigh Harlingen a tremendous investment.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’ in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, the firm’s 2,400 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com