Arium Town Center Changes Hands for About $128k/u – CoStar Group

Arium Town Center Changes Hands for $41 Million – CoStar Group.

From CoStar:
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.

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on June 27, 2014, in Multifamily, Transactions and tagged , , . Bookmark the permalink. Leave a comment.

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