LONGVIEW – – Mark Porterfield, Senior Vice President in the Henry S. Miller Investments Division, recently brokered the sale of Penwood Apartments in Longview, Texas. This 100 unit apartment complex sits at 502 Scenic Drive in the northwest quadrant of Highway 80 and Highway 281. While having recent renovations, an excellent location, brand new HVAC and stable high occupancy rates, Penwood Apartments is also located in a very well established location in Longview near schools, college campuses and popular retailers. This property has a unique unit mix with 12 four bedroom apartments, 28 three bedroom, 40 two bedroom, and 20 one bedroom units with the average for the entire unit mix being approximately 885 square feet. The property was purchased by Step Above Properties from a partnership out of Oregon.
About Henry S. Miller
Henry S. Miller Cos. is one of the largest independent full service commercial real estate firms in Texas. Our corporate office is based in Dallas and Regional offices are located in Houston, Austin, San Antonio and El Paso-New Mexico. Established in 1914 by Henry S. Miller Sr., it is one of the most respected companies in Texas with a reputation for service and integrity. For nearly 100 years the Henry S. Miller family of companies has provided a complete array of commercial real estate services for both sophisticated investors and those in need of brokerage, property management, financial, development and appraisal services. Our mission is to offer exemplary service and innovation centered around a diverse work force dedicated to achieving real measurable results and long term business relationships.