JACKSONVILLE, FL., – February 7, 2024 – NAI Hallmark proclaims the sale of Southwood and Lansdowne Crossing Flats. The properties are positioned at 4070 Barnes Highway South and 1600 Lansdowne Drive in Jacksonville, Florida. Multifamily Funding Gross sales, Senior Vice President John Rutherford and Vice President Luke McCann brokered the transaction on behalf of Suppose Multifamily, the vendor and a three way partnership of Westmount Sq. Capital (“WSC”) & Miramar Capital, the customer.
“NAI Hallmark is happy to have represented the Vendor and Purchaser within the sale of Southwood and Lansdowne Crossing Flats,” stated Rutherford. “These two properties have been carved out of a bigger, distressed Jacksonville portfolio and signify an immense operational alternative for the customer. WSC was capable of creatively execute on this acquisition and given their monitor file on this asset class, they introduced the most effective alternative to show these properties round.”
Southwood Flats, with 89 items, was inbuilt 1960 and consists of a mixture of studios, one, and two-bedroom house houses. In-built 1974, Lansdowne Crossing has 96 items comprised of 1, two, and three-bedroom house houses. Each properties are amenitized with onsite laundry and a leasing workplace with Lansdowne residents having fun with a pool, playground and picnic space. Situated inside quarter-hour of one another, within the Southside and Arlington submarkets, the properties complement one another operationally with extra alternative for continued lease development.
For extra data relating to the sale of Southwood and Lansdowne Crossing Flats or any questions regarding multifamily funding belongings, please contact John Rutherford at [email protected]
About NAI Hallmark
NAI Hallmark is a full-service industrial actual property firm specializing in gross sales and leasing brokerage, property and amenities administration, and company companies in Northeast Florida. Established in 1993, NAI Hallmark is at the moment concerned within the leasing and/or administration of a portfolio in extra of 6 million sq. ft of workplace, industrial and retail properties and is likely one of the main funding gross sales practices in Northeast Florida. As a member of the NAI International community, NAI Hallmark can also be linked to the biggest community of impartial industrial actual property companies worldwide. Study extra at naihallmark.com
About NAI International
NAI International is a number one world industrial actual property brokerage agency. NAI International places of work are leaders of their native markets and work in unison to supply shoppers with distinctive options to their industrial actual property wants. NAI International has greater than 300 places of work strategically positioned all through North America, Latin America, Europe, Africa and Asia Pacific, with over 5,100 native market professionals, managing in extra of 1.1 billion sq. ft of property and amenities. Yearly, NAI International completes in extra of $20 billion in industrial actual property transactions all through the world. NAI International offers a whole vary of company and institutional actual property companies, together with brokerage and leasing, property and amenities administration, actual property funding and capital market companies, due diligence, world provide chain and logistics consulting and associated advisory companies. To be taught extra, go to www.naiglobal.com.
