Berkadia Institutional Solutions announces it has arranged the sale of Chelsea Museum District, a 325-unit trophy-quality multifamily high-rise in Central Houston, Texas. Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Jeff Skipworth, Chris Young and Joey Rippel and Director Kyle Whitney of Berkadia Houston marketed the property on behalf of the seller, Alliance Residential Company, a residential real estate developer based in Scottsdale, Arizona.
Chris Pollard and Jason Rice of Berkadia Dallas secured the debt on behalf of the buyer, Madera Residential, an investment company based in Lubbock, Texas.
“Chelsea Museum District’s location and its construction quality have made it one of the more successful high-rises in Houston’s history. Drafting off the Texas Medical Center growth and Houston’s Innovation Corridor, Chelsea is in a great position to thrive well into the future,” Said Curry.
Built in 2021 and located at 4641 Montrose Boulevard, Chelsea Museum District offers one- and two-bedroom apartments averaging from 412 to 1,632 square feet. Individual units feature 10-foot ceilings, light wood plank flooring, quartz countertops, blackout shades, temperature-controlled wine chillers, washer and dryers with smart technology and private oversized balconies or private yards. The community amenities include a pool with tanning ledge and private cabanas, an outdoor kitchen with two gas grills, exercise center, a yoga and spin room, a co-working lounge with private conference room, a speakeasy, wine lounge with city views, golf simulation room, electronic package lockers, pet spa and bark park.
Located between Downtown Houston and the Texas Medical Center, Chelsea Museum District is close to more than 200,000 jobs. Residents are within walking distance to Houston’s Museum District, the Innovation Corridor, Hermann Park and Bell Park, and a short drive away from Greenway Plaza, Galleria/Uptown, Rice University, the University of Houston, Rice Village and the River Oaks District.
About Berkadia®:
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets. To learn more about Berkadia, please visit www.berkadia.com.
© 2022 Berkadia Proprietary Holding LLC. Berkadia® is a registered trademark of Berkadia Proprietary Holding LLC.
Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In Texas, Berkadia Real Estate Advisors LLC conducts business under TX Real Estate Broker License #9002106. Jay Gunn is the designated broker for the state of Texas, and his license number is #396855. Kyle Whitney’s license number is #658451, Chris Young’s license number is #630674, Joey Rippel’s license number is #654288, Jeffrey Skipworth’s license number is #560404, Chris Curry’s license number is #566750 and Todd Marix’s license number is 390880.
This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
In California,
Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116, and Berkadia Real Estate Advisors Inc. under CA Real Estate Broker Lic. # 01931050.
Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions.
For state licensing details for the above entities, visit: http://www.berkadia.com/legal/
Berkadia Institutional Solutions
Berkadia Institutional Solutions brings together industry-leading institutional expertise with a comprehensive integrated, full-service platform to redefine commercial real estate for institutional investors. With strong national leadership and a robust regional presence, Berkadia Institutional Solutions has a singular focus on the needs and challenges of the institutional investor, acting as a trusted partner and advisor to provide clients with the best opportunities and solutions to suit their long-term investment goals in an ever-changing capital markets landscape
To learn more about Berkadia Institutional Solutions, please visit our website here.
