CONTI ORGANIZATION ACQUIRES PARKSIDE VILLAGE FOR $11M

CARROLLTON — Dallas-based CONTI Organization has purchased the 256-unit Parkside Village, a multifamily property located at 3022 N. Josey Ln. in Carrollton, for $11 million. CONTI is planning a $2 million renovation of the property's office, clubhouse and apartment units. Parkside Village was 89 percent occupied at the time of the sale. Michael Lewis and Andrew Porteous of Jones Lang LaSalle's Dallas office represented the seller, while Carlos Vaz and Stewart Hsu of CONTI handled the transaction in house.