Mesirow investment fund buys St. Pete's Fusion 1560


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  • | 9:47 p.m. June 12, 2015
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  • Commercial Real Estate
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BUYER: MFREVF II-Fusion LLC (Mesirow Financial REVF II REIT LLC), Chicago
SELLER: Zarcalres Central LLC
PROPERTY: 1560 Central Ave., St. Petersburg
PRICE: $57.5 million
LAW FIRM ON DEED: Cox Castle & Nicholson LLP, Los Angeles, Calif.

PLANS, DESCRIPTION:
Mesirow Financial Real Estate Value Fund II LP purchased the 325-unit Fusion 1560 apartments for $57.5 million.

The price equated to $176,923 per unit.

 

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