Newmark has arranged the sale and acquisition financing of Hathaway at Willow Bend, a 229-unit multifamily property at 2525 Preston Road in Plano, Texas. The garden-style community, located in West Plano along Preston Road, was sold by S2 Capital Acquisitions to Granite Towers Equity Group. Transaction terms, including pricing and loan amount, were not disclosed.
Newmark’s investment sales team of Richard Furr, Brian O’Boyle, Jr., Brian Murphy and Jack Forman represented the seller, S2 Capital Acquisitions, in the disposition. On the debt side, Newmark’s Brian Kochan and Michael Caglianone arranged acquisition financing on behalf of Granite Towers Equity Group. The lender and specific loan terms were not identified, but the mandate covered financing for the purchase of the property.
Hathaway at Willow Bend offers a mix of one-, two- and three-bedroom residences, including multiple townhome floor plans, consistent with a garden-style multifamily layout. Community amenities include two swimming pools, an outdoor kitchen, a bark park, and a fitness center, along with a natural creek setting that provides additional open space for residents. Inside the apartments, finishes highlighted in the marketing include gourmet kitchens and wood-burning fireplaces.
The property benefits from a West Plano location along a major north-south corridor, positioning it within an established suburban residential area. The combination of unit variety, townhome options and amenity set is aimed at attracting a range of renters, from singles to families, seeking multifamily housing in Plano.
According to Newmark Research, the broader Dallas-Fort Worth multifamily market continues to be supported by strong demographic and employment fundamentals. From 2019 through 2026, the Dallas-Fort Worth region led the nation in employment growth, adding more than 604,400 jobs, a 16.3% increase over that period. This employment expansion underpins apartment demand across the metro, including in suburban nodes such as Plano.
The transaction involving Hathaway at Willow Bend reflects ongoing capital flows into Dallas-Fort Worth multifamily assets, as both institutional and private buyers continue to target stabilized garden-style communities in growth corridors. While no pricing metrics were disclosed, the involvement of dedicated investment sales and debt teams underscores the continued role of intermediary-led execution in bringing multifamily trades and financings to completion.
The article also notes that Connect Texas Multifamily in Dallas on August 13 will convene owners, developers, brokers, investors and lenders active in the Texas multifamily sector for a day of market intelligence, networking and discussions. The event is expected to draw more than 300 decision-makers interested in the evolving dynamics of Texas apartment investment and development, including markets such as Dallas-Fort Worth and its suburban submarkets.
