Arium Town Center Changes Hands for About $128k/u – CoStar Group
The joint venture of Crow Holdings and the Carroll Organization acquired the Arium Town Center apartment complex from Archon Group for $40.9 million, or about $128,000 per unit.
The Arium Town Center, previously named Aventine at Town Center, is located at 10135 Gate Parkway N in Jacksonville. The property features 80 one-bedroom, 160 two-bedroom and 80 three-bedroom units. Built in 1996, the amenities include a fitness center, club house with a pool, volleyball court, tennis court and a business center. The complex was 95 percent occupied at the time of the sale.