- Hendricks & Partners Negotiates Sale of The Enclave at Northwood Apartment Property in Clearwater
CLEARWATER, Fla. --- Hendricks & Partners, one of the nation's largest and most active multi-family investment banking and research companies, recently negotiated the sale of The Enclave at Northwood apartments at 2690 Enterprise Rd. in Clearwater.
Jason Stanton, senior investment advisor at the Tampa office of Hendricks & Partners, negotiated the sale of the 188-unit apartment property with partner Cole Whitaker and associate partner Hal Warren in the firm's Orlando office.
Hendricks & Partners represented the seller, a commingled fund managed by Nashville-based Covenant Capital Group.
The buyer is an affiliate of Stonebridge Investments, BV based in Washington, D.C. Orlando-based ZRS Management, LLC has been retained by the buyer to provide property management services.
The one, two and three-bedroom townhome and villa apartments total 202,212 square feet of rentable space and the units -- averaging 1,076 square feet -- also average $1,066 in monthly rent.
The apartment community was built in 1984-1985 in two phases. [Topix
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