Today's Top Story
April 15, 2013
HENDRICKS-BERKADIA BROKERS $61.8M SALE OF THREE MULTIFAMILY PROPERTIES

Lexsignia LLC has acquired the 264-unit Braden Lakes Apartments in Bradenton.

BRADENTON AND ORLANDO, FLA. — Hendricks-Berkadia Real Estate Advisors has arranged the sale of three apartment communities, which total 1,130 units in Bradenton and Orlando, for a total of approximately $61.8 million.

Situs LLC sold the 264-unit Braden Lakes Apartments on 50th Avenue West in Bradenton for $14.3 million. Lexsignia LLC acquired the property, which includes 16 two-story, garden-style buildings and a clubhouse.
 
Situs LLC also sold The Cornerstone Apartments, situated on 27 acres along South Conway Road in Orlando, for $23 million. Robbins Property Associates LLC acquired the 430-unit complex.
 
Additionally, Hendricks-Berkadia brokered the $24.5 million sale of Park Baldwin Palms, located at 2250 N. Semoran Blvd. in Orlando. Everglades Partners LLC sold the 436-unit multifamily property to Convenant Capital Group LLC. The community includes 38 two-story, garden-style buildings situated on 21.8 acres.
 
Cole Whitaker, Hal Warren and Jason Stanton of Hendricks-Berkadia represented the sellers in each transaction. Hendricks-Berkadia, headquartered in Phoenix, is a real estate multifamily services firm with 68 offices across the country.
 
— Brittany Biddy
   

 

 

 
Next Story
HERRICK CO. ACQUIRES 29 WALGREENS LOCATIONS FOR $100M
BOCA RATON, FLA. — Affiliates of The Herrick Co. Inc., a commercial real estate investor based in Boca Raton, recently closed on the purchase of 29 pharmacy/retail properties throughout the United States. The properties, all of which are occupied under long-term triple net...
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