Centennial Holding Co. buys Citrus Falls

BUYER: Centennial Falls at Westchase LLC (Centennial Real Estate Fund III LP), Atlanta
SELLER: CREF Citrus Falls LLC
PROPERTY: 12011 Citrus Falls Circle, Tampa
PRICE: $35.25 million
PREVIOUS PRICE: $30.3 million, August 2011
LAW FIRM ON DEED: Greenberg Traurig PA, Miami

PLANS, DESCRIPTION:
Atlanta-based Centennial Holding Co. LLC purchased the 273-unit Citrus Falls Apartments for $35.25 million.

The price equated to $129,121 per unit. That figure is higher than the average price per unit for multifamily space ($70,803) in the Tampa Bay area, according to the CoStar Group.