Iowa Firms Acquires Tampa ApartmentsBoston firm buys Tampa warehouseMiami firms buysLargo apartments
Real Estate Briefs (Tampa)
Iowa Firms Acquires Tampa Apartments
BUYER: Remington Apartments LP
SELLER: Southstar Equity LLC/White Bridge Equity LLC
PROPERTY: 10610 N. 30th St., Tampa
PRICE: $14.7 million and $16.1 million
PREVIOUS PRICE: $8.4 million, October 2004
PLANS, DESCRIPTION: Remington Apartments LP, an Urbandale, Iowa-based company, bought Remington Apartment Homes, a multifamily apartment complex that was at the center of a 2004 lawsuit that resulted in a $15.6 million verdict against owner Southstar Equity and property manager Brookside Properties.
Tenant Lai Chau had accused Southstar and Brookside of failing to protect her after she was abducted, shot and left for dead. The jury agreed with her contention the companies negligently failed to fix security gates and monitor alarms.
A leasing agent, who answered the telephone at Remington, says there are no plans to convert the apartments into condominiums.
Boston firm buys
BUYER: Tampa Industrial LLC
SELLER: Krauss/Schwartz Property Ltd.
PROPERTY: Warehouse at Orient Road/Columbus Drive area, Tampa
PRICE: $17.6 million
PREVIOUS PRICE: $100 for unimproved land, October 1998
TITLE COMPANY ON DEED: Stewart Title Guaranty Co., Tampa
PLANS, DESCRIPTION: As Tampa's industrial market flourishes, Tampa Industrial LLC, owned by High Street/URS Investments LLC, 365 Franklin St., Boston, bought an Orient Road warehouse from Krauss/Schwartz Property Ltd.
The registered agent for Tampa Industrial, CT Corporation System, Plantation, could not be reached for comment.
Miami firms buys
BUYER: Autumn Chase R.B.-GEM LLC
SELLER: 2200 Gladys LLC
PROPERTY: 2200 Gladys St., Largo
PRICE: $16 million
PREVIOUS PRICE: $12.9 million, July 2005
ATTORNEY ON DEED: Kevin L. Deeb, Miami
PLANS, DESCRIPTION: Autumn Chase R.B.-GEM LLC bought the Largo apartment complex, Autumn Chase, in November, four months after 2200 Gladys LLC bought the complex from Autumn Chase Apartments LLC. Both the buyer and seller are from Miami.
The registered agent for Autumn Chase, Maria Fernandez-Valle, could not be reached for comment.