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Florida & Gulf Coast  + North Florida  + Apartments  | 

NAI Hallmark Arranges $4M Sale of Jacksonville Apartment Property

NAI Hallmark has arranged the $3.6 million sale of Arco Place Apartments, a multifamily property in Jacksonville.

The 48-unit multifamily property was built in 1965 in the Arlington submarket of Jacksonville. The property is located less than a mile from University Boulevard, the Arlington Expressway, and is within walking distance to several lifestyle retail destinations, including the recently rebranded College Park Shopping Center. The property is comprised of one- and two-bedroom floorplans.

Luke McCann and John Rutherford of NAI Hallmark brokered the transaction on behalf of the undisclosed seller. The buyer was also not disclosed.

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About David Cohen

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.

  • ◦Sale/Acquisition
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