Cushman & Wakefield arranged the sale of The Riley, a 178-unit multifamily community in Burleson, Texas.
Grant Raymond and Asher Hall of Cushman & Wakefield represented the seller, Corsair Ventures, in the transaction. The community was acquired by a JV Partnership between NewStreet Properties, LLC, headquartered in Omaha, NE, and Thane Partners.
Completed in 2023, The Riley offers exceptional interior finishes and cutting-edge smart apartment features along with community amenities designed for modern living such as a resort-style pool, an Uber lounge, a dog spa and park, a 24-hour fitness center, a wine bar, a game area with shuffleboard, and a clubhouse featuring an activity center and co-working offices.
Strategically located between Hwy 74 and I-35W, The Riley also provides residents quick commutes to employment hubs and a workforce of 650,000 within 25-minutes, shopping, dining, live entertainment, and outdoor activities. The multifamily community is conveniently within walking distance to several grocery stores including the announced Sprouts Farmers Market development, to be located right next door.
