Koontz Corporation (Koontz) today announced it has sold Encino Trace Luxury Apartment Homes, a 302,292-plus square foot, 340-unit class A multi-family community located in College Station, Texas to California-based SB Pacific Group LLC.
“We have enjoyed incredible results and success with our multi-family project in College Station,” said Koontz President and CEO Bart Koontz. “Encino Trace Luxury Apartment Homes is a prime example of our experience in developing luxury apartment homes in our region. We are pleased that SB Pacific Group LLC recognized the value that we have created.”
Developed and constructed by Koontz, Encino Trace was completed in January 2022 and is situated on a pristine 17.2-acre tract located at 2338 Harvey Mitchell Parkway South in College Station. The 14-building suburban development was designed with stone and stucco exteriors and one- and two-bedroom garden apartment homes. All apartments feature island kitchens with stainless steel appliances and high-quality finishes including quartz countertops, custom cabinetry, and brushed nickel hardware. Additional feature include nine-foot ceilings, simulated wood and ceramic tile flooring, garden-style bathtubs, full-size washers and dryers, oversized walk-in closets, ample storage space, private patios and balconies and private detached garages. The community’s amenities include a resort-style pool with tanning ledge and outdoor kitchen, poolside lounge and ﬁre pit, as well as a two-acre dog park, ﬁtness center and a resident clubhouse.
Will Balthrope, Drew Garza and Jennifer Campbell of Institutional Property Advisors, a division of Marcus & Millichap, brokered the sale on behalf of the seller.
Koontz has multiple commercial projects under construction and development including The Moderno Apartment Homes in New Braunfels, Fiesta Trails – a 10-acre site located at 12631 Vance Jackson Road in San Antonio, which previously housed the Regal Fiesta Stadium 16 theater, and Westport Industrial Park, a 35-acre industrial project near the corner of South Callaghan Rd and Highway 151 on the near west side of San Antonio.
Since its founding in 1997, Koontz Corporation has developed over seven million square feet of commercial properties, including 22 multi-family projects totaling over six million square feet and more than 6,000 units. In addition to multi-family, the scope of Koontz’s properties includes office, medical office, industrial/flex, and retail.
“We remain strongly committed to actively developing and investing in the city of San Antonio and Texas,” said Koontz. “And we look forward to continuing to provide exceptional caliber projects to serve the ever-growing communities where we are located.”