CushWake Brokers $20M Sale of Jacksonville Apartment Property
Cushman & Wakefield has arranged the $19.6 million sale of Shoreline Apartments, a 206-unit apartment property in Jacksonville.
Located at 4455 Confederate Point Road, the property was 94 percent leased at the time of the sale. Amenities include three swimming pools, a tennis court, 1,600 feet of frontage to the Ortega River with a fishing pier and boat dock, fitness center and clubhouse.
Mike Donaldson and Nick Meoli of Cushman & Wakefield represented the seller in the transaction. A real estate fund managed by Covenant Capital Group LLC acquired the property.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.