Southside apartments sold to Connecticut firm for $29M - Jacksonville Business Journal

  • 📰 JaxBizJournal
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Southside apartments sold to Connecticut firm for $29M

A 168-unit multifamily property near HCA Florida Memorial Hospital was sold for $29 million, broker NAI Hallmark announced Tuesday.

The Palms at 2800 Apartments is located a 2800 University Blvd., with the 168 units split between 18 two-story buildings consisting of one- and two-bedroom townhomes. The 8.6-acre property was built in 1971, a press release said. Records show the buyer as Lyfe Jacksonville LLC. The company is registered under Lyfe Properties Group, an apartment acquisition firm based in Waterbury, Connecticut.

NAI Hallmark Senior Vice President John Rutherford and Vice President Luke McCann brokered the transaction on behalf of seller Quad Property Group. “The property is in a premier location within the Southside submarket, central to four of the five major hospital systems and offers the opportunity to further the proven interior value-add program,” Rutherford said in the release. “The sale further shows the investment market’s demand for well-located assets with continuous rent growth upside.”Michaelson Real Estate Group, LLC

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 599. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Southside apartments sold to Connecticut firm for $29M - Jacksonville Business JournalThe community consists of 168 units split between 18 two-story buildings.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Southside apartments sold to Connecticut firm for $29M - Jacksonville Business JournalThe community consists of 168 units split between 18 two-story buildings.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

City of Jacksonville approves $3.8M permit for Arlington Winn-Dixie renovations - Jacksonville Business JournalShaycore LLC is the contractor slated to renovate the 43,615-square-foot store.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

How house prices have soared in Jacksonville's most exclusive neighborhoods - Jacksonville Business JournalSee which of Jacksonville's top neighborhoods saw the biggest increase in home values.
Source: JaxBizJournal - 🏆 599. / 51 Read more »