M&M ARRANGES SALE OF AUSTIN COMMONS APARTMENTS

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AUSTIN, TEXAS — Marcus & Millichap has brokered the sale of the 240-unit Austin Commons, an apartment complex located at 1630 Rutland Drive in north central Austin. The complex was built in 1971 and includes two swimming pools, a clubhouse, business center, fitness center, picnic areas and on-site laundry facilities. Joe James and Kent Myers of Marcus & Millichap's Austin office represented the seller, a California-based partnership, in the transaction. The buyer is also a California-based partnership.

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