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Places This Week: St. Pete apartment complex, waterfront home, Walgreens

Veronica Brezina

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The Walgreens storefront on 703 Court St. in Clearwater. Photo by: Google Maps

A St. Pete apartment complex sells to a New York firm that has a growing presence in St. Pete. A South Florida company that operates apartments buys property in Clearwater, where a Walgreens pharmacy sits. A waterfront home described as a “true boater’s paradise” sells to a new owner. A unique property where a SunTrust bank once stood has a new landlord.

Here’s this week’s roundup of local real estate deals.

 

St. Pete apartment complex sells in $56 million deal 

The Osprey Pointe Apartments in St. Pete has a new owner through a $56 million deal that closed this week.

The Osprey Pointe Apartments. Photo by: Realtor.com

Iowa-based BH Management Services, which is tied to the Maryland-based Capital Investment Corp., sold the property at 1900 55th Ave. S to Axonic Properties LLC in New York.

This two-story apartment was built in 1971 with 517 units. The Axonic group was interested in the property, as it owns the adjacent Enclave at Sabal Pointe apartments, Axonic Properties Managing Principal Jonathan Shechtman said.

Read more about the sale here.

Clearwater Walgreens property is sold 

A property in Clearwater that’s home to the pharmaceutical retailer Walgreens has been sold in a $7.1 million deal.

The seller, under the entity Port Jefferson LLC, sold the 16,603-square-foot Walgreens pharmacy at 703 Court St. in Clearwater and surrounding parcels to Fort Lauderdale-based entity Alba Capital Three LLC.

The entity is tied to the Executive Manor Apartments in Fort Lauderdale.

The sale encompasses portions of three different parcels.

Waterfront home sold 

A single-family home nestled in the waterfront community of Bayway Isles has sold in a $2.3 million deal.

Home sold at 4937 59th Ave. S: Photo by: Realtor.com

The two-story, 3,890-square-foot home at 4937 59th Ave. S is located on a cul-de-sac and is described as a “true boaters’ paradise.”

The four-bedroom waterfront house, built in 2002, is located less than five minutes from the intercoastal waterway and has its own private dock and boat lift. It also has a lift for jet skis and a kayak launch area.

The waterway surrounding the home at 4937 59th Ave. S: Photo: Realtor.com

New landlord for SunTrust-turned-Circle K property 

A property that once was home to a SunTrust, and now a Circle K convenience store, has a new landlord.

St. Pete-based J Square 49th St Partners and J Square Realty and Development sold the property at 11701 49th St. N to New York-based CK Minino Holdings LLC in a roughly $3.8 million deal.

“We acquired the property, which was a SunTrust. We demolished it and leased it to Circle K, which opened its store in March,” J Square Developers President Jay Miller said.

Circle K will remain at the property as a long-term tenant.

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