BlackRock unit buys 330-unit Dallas residential complex in Knox Henderson

California and New York have developed in the area recently.

Texas /
Jan.January 21, 2022 04:45 PM

Blackrock’s CEO Larry Fink (iStock)

A BlackRock unit bought a 330-unit residential community in Broadstone Knox, an emerging Dallas neighborhood.

BlackRock Realty Advisors bought Broadstone Knox District, at 4444 Cole Avenue, according to Dallas Morning News. Developed by Alliance Residential in 2020, the complex is near restaurants and luxury retail.

Rents start at almost $1,300 a month, below average for Dallas. The complex has amenities that include a resort-style pool, dog park, pet spa, and EV charging stations, the Morning News reported. Michael Ware, Drew Kile, Taylor Hill, Joey Tumminello and Jeff Kindorf of Institutional Property Advisors brokered the sale.

Knox Henderson is primarily home to young professionals. The area has drawn investment from investors and developers including Fortress Investment and billionaire Michael Dell’s MSD Capital, the area’s biggest landlord.

Blackrock Realty Advisors has 46 employees and generates $26 million of annual sales. The firm focuses mostly on Asian property markets and emerging urban neighborhoods.





    Related Articles

    arrow_forward_ios
    World Class Holdings’ Nate Paul (World Class, iStock)
    Court approves $95M sale of Nate Paul’s downtown Austin site
    Court approves $95M sale of Nate Paul’s downtown Austin site
    Gaia's Danny Fishman with Easton Park, Peppermill Place and Coventry Square (Gaia)
    Gaia sale marks Texas exit
    Gaia sale marks Texas exit
    McKinney Avenue tower with Endeavor managing principal Jamil Alam (HKS, Endeavor Real Estate Group)
    Austin-based developer Endeavor to start work on uptown Dallas project later this year
    Austin-based developer Endeavor to start work on uptown Dallas project later this year
    Bob Mohr and Rodrigo Godoi with DoubleTree by Hilton Austin (Mohr Capital)
    Mohr enters hotel market with Austin purchase
    Mohr enters hotel market with Austin purchase
    Dallas, TX suburban home prices rising
    Suburban Dallas home prices accelerating faster than in city
    Suburban Dallas home prices accelerating faster than in city
    office workers and office construction
    Office jobs and construction continue to surge in Austin and Dallas-Fort Worth
    Office jobs and construction continue to surge in Austin and Dallas-Fort Worth
    Daryl Fairweather (iStock)
    Austin rent rise tops nation
    Austin rent rise tops nation
    Dallas, New York City and Los Angeles skylines (iStock)
    Dallas tops LA and NY in first quarter real estate investments
    Dallas tops LA and NY in first quarter real estate investments
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...