Newmark Arranges Sale and Financing of 229-Unit Hathaway at Willow Bend in Plano for Granite Towers Equity Group

Newmark has arranged the sale and acquisition financing of Hathaway at Willow Bend, a 229-unit multifamily community located at 2525 Preston Road in Plano, Texas, the firm announced July 15, 2026. S2 Capital Acquisitions was the seller, and Granite Towers Equity Group acquired the property in a transaction that Newmark facilitated on both the investment sales and capital markets sides.

Transaction Details and Deal Team

Newmark Executive Managing Director Richard Furr, Vice Chairmen Brian O'Boyle Jr. and Brian Murphy, and Associate Jack Forman represented S2 Capital Acquisitions in the sale. On the financing side, Newmark Vice Chairman Brian Kochan and Vice President Michael Caglianone arranged acquisition financing on behalf of Granite Towers Equity Group. Financial terms of the transaction, including sale price and loan amount, were not disclosed.

"Hathaway at Willow Bend gives the new owner a tremendous opportunity for a value-add interior unit upgrade," said Furr. "The asset's location along Preston Road in Plano provides strong demographics, along with employment opportunities, shopping and schools."

Kochan noted that the closing marked the first transaction between Newmark's capital markets team and Granite Towers Equity Group. "This closing reflects a collaborative process and a shared commitment to executing with certainty," he said. "We appreciate the opportunity to support Granite Towers Equity Group on this acquisition and look forward to building on this relationship in the future."

Property Overview: Hathaway at Willow Bend

Situated in the West Plano submarket, Hathaway at Willow Bend is a garden-style community offering one-, two- and three-bedroom residences, including a variety of townhome floor plans. The property's amenity package includes two swimming pools, an outdoor kitchen, a bark park, a fitness center and a natural creek setting.

Apartment interiors feature quartz countertops, subway tile backsplashes and stainless-steel appliances. Select residences include gourmet kitchens and wood-burning fireplaces. The property falls within the Plano Independent School District, which Newmark described as award-winning, a factor the firm cited as a key demand driver for the submarket.

Location and Employment Access

Hathaway at Willow Bend's position along Preston Road in West Plano places it within reach of several major North Texas employment corridors. Nearby economic hubs include the Legacy West corridor, home to Toyota North America, JPMorgan and Liberty Mutual Investments; Frisco's corporate and entertainment district, including The Star and PGA of America; the Addison business district; the Richardson Telecom Corridor; and healthcare campuses including Medical City Dallas. According to Newmark, more than 1.2 million jobs are located within a 10-mile radius of the property.

Dallas-Fort Worth Market Context

According to Newmark Research, the Dallas-Fort Worth multifamily market continues to benefit from strong demographic and employment fundamentals. DFW led the nation in employment growth from 2019 through 2026, adding more than 604,400 jobs — a 16.3% increase. The metro's population grew by more than 811,000 residents between 2020 and 2025, making it the fourth-largest metropolitan area in the United States.

Newmark Group, Inc. (Nasdaq: NMRK) reported revenues of more than $3.4 billion for the twelve months ended March 31, 2026, and operates from more than 185 offices with over 9,600 professionals across four continents.

Sources

Newmark Press Release: Newmark Arranges Sale and Financing of 229-Unit Hathaway at Willow Bend Community in Plano, Texas (July 15, 2026)