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IRVING, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Grand Riviera, a 206-unit community in Irving, 13 miles west of Dallas. Eagle Property Capital sold the asset to Lone Star Capital for an undisclosed price.
Grand Riviera was built in 1972. The property offers one-, two- and three-bedroom units with an average size of 1,113 square feet. Amenities include two pools, outdoor grilling and dining stations, a clubhouse and a dog park.
Michael Ware, Taylor Hill, Drew Kile, Joey Tumminello and William Hubbard of IPA represented the seller and procured the buyer in the deal.