Live Breaking News & Updates on Catalyst Development Partners
Stay updated with breaking news from Catalyst development partners. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
SoBa Apartments sold for $35.4 million | Jax Daily Record | Jacksonville Daily Record jaxdailyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jaxdailyrecord.com Daily Mail and Mail on Sunday newspapers.
The Menlo apartments, built this year in the eTown development, sold Dec. 15 for $73.5 million. Catalyst Development Partners, through CDP E-Town Owner LLC, sold it to Oxford Properties through PAC Menlo LLC, according to a deed filed with the Duval County Clerk of Courts on Dec. 15. Both companies are based in Atlanta. CDP E-Town developed the apartment community. The address is 11390 Square St. Nationwide Life Insurance Co. financed the deal to PAC Menlo with a $47 million mortgage, according to the clerks office. Oxford Properties is based in Atlanta. Newmark Senior Managing Directors Erik Bjornson and Tyler Nilsson brokered the transaction. The 332-unit, seven-building community comprises one-, two- and three-bedroom apartments from 678 to 1,306 square feet of living space. Monthly rents range from $1,150 to $1,855. ....