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AUSTIN, TEXAS — Marcus & Millichap has negotiated the sale of 305 Place Apartments, a 32-unit multifamily community located at 305 W. 35th St. in Austin. The community is located near the campus of the University of Texas. Todd Sherrer of Marcus & Millichap’s Austin office listed the property on behalf of the seller, and Steve Hollingsworth, also with the firm’s Austin office, secured the locally based buyer. The acquisition price was undisclosed.