On the shores of Puget Sound, Olympia’s Gull Harbor Mercantile grocery store and gas station has stood as a beacon of community and commerce for generations.
3 months ago Share Virginia firm’s deal for North Redington Beach apartments its latest in a string of purchases in the region over the past year. by: Kevin McQuaid Commercial Real Estate Editor
An active Virginia-based multifamily rental housing investor has acquired the Gull Harbor Apartments in Pinellas County, just weeks after buying a similar property nearby.
General Services Corp. paid $55 million for the 17105 Gulf Blvd. complex in North Redington Beach, in mid-October, according to county property records.
That purchase followed the $66 million acquisition of the 274-unit Allure at Gateway community, in Pinellas Park, in late September.
At Gull Harbor, General Services’ affiliate GLHF LLC may attempt to convert the 263 apartments to condominiums, based on documents filed with Pinellas County.