A luxury apartment complex on Central sells in a staggering $81.5 million deal. A shopping strip with several existing tenants is picked up. A Clearwater mobile home park is sold in a large $12 million deal. A local real estate broker scoops up a corner property on 4th Street he has been eyeing. A 20,00-plus-square-foot collision shop is acquired. A contemporary mansion in Tierra Verde that has a glass elevator and wine cellar has a new owner.
Here’s this week’s roundup of local real estate deals:
Luxury apartment complex on Central sells for $81.5M
A luxury apartment complex called the 1701 Central has sold in an $81.5 million deal.
Richmond, Virginia-based real estate firm General Services Corporation purchased the 242,942-square-foot St. Pete apartment complex from Ohio-based The NRP Group, according to Pinellas County records.
The group also took out a roughly $48.9 million mortgage for the purchase from Berkeley Point Capital LLC.
The four-story apartment complex was built last year and is next to the Artistry apartments.
The real estate firm that bought the complex owns other multiple apartment complexes such as The Allure at Gateway in Pinellas Park, Gull Harbor in North Redington Beach, Courtney at Bay Pines and Aluna Largo in Clearwater.
Shopping strip near Trader Joe’s and The Fresh Market is sold
Vector Commercial Real Estate, LLC is pleased to announce the recent sale of 2615 Dr. Martin Luther King, Jr. St. N, a shopping strip less than a mile from Trader Joe’s and The Fresh Market.
The purchasing entity, 2615 MLK LLC, is tied to David Koche, a partner with the law firm of Barnett, Kirkwood, Long & Koche P.A.
The 6,700-square-foot neighborhood strip center, which contains a laundromat, Cut Ups, Inc. salon, Neighborhood Joe coffee shop, and House of Pipes, sold for $1,055,000 on August 6, 2021. Vector Broker Ned Willis and Vector Agents Michael Heretick assisted with the sale.
It’s also directly across from the accounting firm Macaluso and Co.’s building.
Clearwater mobile home park is acquired for $12M
The Cottage Cove, a Cobblestone mobile home community at 1280 Lakeview Road in Clearwater, was sold in a $12 million deal.
The buying entity, COB MHC Cottage Cove One LLC, is connected to The State Board of Administration of Florida (SBA), which is a constitutional entity of the state government that manages over 30 investment mandates.
The entity also took out a $4.89 million loan for the purchase.
VisionWorks building on 4th Street sells
The VisisonWorks building at 3301 4th St. N. in St. Pete. has sold to a new owner, who has had his eye on the property for some time.
Real estate broker Christian Yepes of the Pinellas Park-based CNH Realty purchased the 7,600-square-foot property in a $3.245 million deal.
“I have always liked this corner. Typically our properties don’t sit very long,” he said.
The company’s portfolio includes Mattress Firm, Verizon Wireless and other properties sold in the local area.
Law firm purchases collision repair shop
Bivins & Hemenway P.A., is a commercial law firm based in the Brandon area, has acquired the Caliber Collision shop in Largo.
The firm bought the 20,250-square-foot Caliber Collision property at 9185 Ulmerton Road in a roughly $5.18 million deal.
The building is next to a storage facility and is surrounded by other automotive-centric businesses.
Tierra Verde mansion with glass elevator and wine cellar sells for over $5M
Terry and Kathryn Haseman sold their Tierra Verde mansion in a roughly $5.26 million deal.
The British West Indies-style home at 206 6th St. E. has unique features such as a glass elevator, a bottle wine cellar and a luxury pool area surrounded by fire pots and what’s called a rain curtain, essentially creating a waterfall effect.
The 4,846-square-foot home, built last year, has four bedrooms and five-and-a-half baths.
This estate offers 234 feet of deep protected waterfront. There’s a large dock with power lifts.
The home has special qualities for wine and food lovers with Sub Zero appliances.
The property also has temperature-controlled garages and a rooftop deck.
The buyer took out a $2 million mortgage loan for the property.