JACKSONVILLE, FL-CB Richard Ellis Group Inc. has completed the sale of an apartment property in Jacksonville. Momentum Acquisitions LLC, an investors group based in Miami, has acquired The Vintage at Plantation Bay, an apartment complex consisting of 240 units on Jacksonville's Westside, from New York-based Tarragon Realty Investors Inc. for $17.1 million.
The Capital Markets Group at CB Richard Ellis provided the debt financing for the building. Dan Allen and Dhaval Patel from CB Richard Ellis' Jacksonville office handled the sale.For the full story, go to Jacksonville Business Journal.
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