Beach property sells for $55 million
November 5, 2020 - JLL has arranged the sale of the bulk condominium interest in Gull Harbor, a multifamily property in North Redington Beach. The seller, InvestRes, divested from 237 units of the 263-unit property, according to commercial real estate news site Connect Florida. The property is located across the street from the beach, at 17105 Gulf Blvd. N. The buyer was a limited liability company associated with General Services Corp., a Richmond, Virginia company that provides apartment homes and apartment management services. The property sold for $55 million, according to an Oct. 27 deed filed in Pinellas County. The buyer got a mortgage from Berkeley Point Capital for $41.5 million, county records show. Matt Mitchell and Zach Nolan of JLL represented InvestRes in the transaction.