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Real Estate Briefs (Tampa)
North Florida investment group buys apartments
BUYER: North Tampa Holdings LLC
SELLER: Norma Investment Holdings LLC
PROPERTY: 5901 E. Gibson Ave., Temple Terrace
PRICE: $4,425,500
PREVIOUS PRICE: $1.9 million, December 2003
TITLE COMPANY ON DEED: Fuentes & Kreischer Title Co., Tampa
PLANS, DESCRIPTION: North Tampa Holdings LLC, based in North Fernandina Beach, bought Gibson Court, a 118-unit apartment complex in Temple Terrace, built in 1973.
Joseph DeRoma, the registered agent for the group, says the complex will remain apartments. The group doesn't intend to convert them to condominiums.
Industrial site acquired
by national company
BUYER: Quality Trailer Products LLP
SELLER: Rockwell American Management Co. Ltd.
PROPERTY: 3804 Sydney Rd., Plant City
PRICE: $3 million
PREVIOUS PRICE: $1.5 million, October 1999
LAW FIRM ON DEED: Robert H. Miller, Esq., Columbus, Ohio
TITLE FIRM ON DEED: First American Title Insurance Co., Clearwater
PLANS, DESCRIPTION: Quality Trailer Products, a division of St. Cloud, Minn.-based Polar Corp., a manufacturer and distributor of light- and heavy-duty trailer parts, bought six buildings in a Plant City industrial park from Rockwell American Management, formerly known as MTEC International Ltd.
The property purchase was part of Polar Corp.'s acquisition of MTEC, which is intended to strengthen the company's position in trailer parts distribution and marine market on the Gulf Coast. RWH Group Ltd. of Dallas sold MTEC.
Polar now operates 36 facilities and has about 1,100 employees.
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