An apartment complex in Clearwater has been sold for $29.85 million or more than $130,000 per unit.
Atlanta-based Radco Cos. acquired the 228-unit Bay Park community from Chicago-based Laramar Group. Bay Park is located near the intersection of Gulf to Bay Boulevard and U.S. Highway 19 .
ARA Tampa-based Principal Patrick Dufour and Vice President Scott Ramey represented Laramar in the transaction. ARA announced the deal Monday.
Radco sees upside potential in Bay Park, according to ARA. The community… …read more