Wednesday, March 30, 2011

Hendricks & Partners Negotiates Sale of 208 Unit Crosswinds Apartments in St. Petersburg, FL for $13.1 Million

ORLANDO, FL--- Hendricks & Partners, which ranks as one of the nation’s largest multi-family real estate advisory and research firms, recently negotiated the sale of the Crosswinds Apartment Homes, located at 500  110th  Ave. North in St. Petersburg, for $13.1 million.

Cole Whitaker (top right photo), partner at Hendricks & Partners who heads the Southeast Division of the firm based in Orlando, negotiated the transaction with Associate Partner Hal Warren (lower left photo) representing the seller Chicago-based Equity Residential.

 The 208-unit apartment property totaling 153,984 square feet was built in 1986-87, Whitaker said.  The units are situated in 13 two-story garden-style buildings on 18.5 acres with tranquil lakes and fountains.

Amenities include two laundry facilities, fenced pet-play area, resort-style swimming pool and separate spa area, private Jacuzzi, racquetball and tennis courts, and clubhouse with fitness facility and business center.

 Covenant Capital Group LLC, a Nashville, Tenn. firm acquired the property.

For more information, contact:  
Cole Whitaker, Southeast Partner, Hendricks & Partners, 407-218-8880,
Hal Warren, Associate Partner, Hendricks & Partners, 407-218-8881,
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142,

No comments: