October 19, 2020
The RADCO Cos. have actually sold City Park Clearwater, a 228-unit multifamily house neighborhood in Clearwater. The sales price was not divulged. The deal notes the sixth building sale for RADCO during this realty cycle.
The pet-friendly area features a mix of one- two- as well as three-bedroom houses with open floorplans, large living areas and also cook inspired cooking areas. Services consist of a swimming pool, putting greens, animal parks as well as multiple playgrounds. The neighborhood is located near the junction of Highway 19 and also SR-60 and also supplies easy access to Tampa fl Bay and also Clearwater Beach.
Patrick Dufour, Ryan Crowley, Andrew Visnick and also Pibu Aulakh of Newmark stood for RADCO in the deal. Additionally, Matt Greer and also Andrew Wilson of Newmark’s Financial obligation & & Structured Finance team set up acquisition funding for the purchaser, Greystar.
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