ORMOND BEACH, FL-Soclof Enterprises, a commercial real estate investment company based in Beachwood, Ohio, has purchased the Shadow Lakes Apartments for an undisclosed price. ARA's Kevin Judd, Matt Wilcox and Patrick Dufour negotiated the sale of the multifamily property on behalf of the seller. The REO community, constructed in 1975, is situated at 500 Shadow Lakes Blvd. in Ormond Beach.
The 184-unit community provides six floor plans and the average size of the apartments is 813 square feet. For the full story, go to Florida Real Estate Journal .
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