Park at Barrington Closes for $12.3M

March 27, 2015

HOLIDAY, Fla. – (September 3, 2014) —Franklin Street announces the sale of Park at Barrington for $12,300,000 representing $50,410 per unit.

Colonial Ridge Apartments: $14.2 million

Colonial Ridge Apartments: A “regional owner” spent $14.2 million, or $73,196 per unit, to buy the 194-unit Colonial Ridge apartment complex on the west side of Orlando.

Businesses Relying On International Lenders, Private Equity

“In some ways it’s a good thing for local developers because competition makes the capital less expensive,” said Greg Matus, Franklin Street Real Estate Services’ regional managing partner for South Florida.

Tertiary Multifamily Market Sees Interest

The Park at Barrington sold for $12.3 million, which represent $50,410 per unit. Franklin Street’s Darron Kattan, Robert Goldfinger, Kevin Kelleher, and Zach Ames represented the seller, a local investor. The buyer is also a local investor.

Franklin Street Arranges $12.3M Sale of Tampa Bay-Area Apartment Community

HOLIDAY, FLA. — Franklin Street Real Estate Services has brokered the $12.3 million sale of Park at Barrington, a 244-unit multifamily community in the Tampa Bay area.