NAI Tampa Bay is proud to announce the closing of the St. Charles Row Apartments 1175 Pinellas Point Dr South in St. Petersburg Florida. NAI Represented the seller, DWSS St. Pete, LLC an Atlanta based private investment firm and the buyer LIV at St. Charles, LLC a local private investment firm in the transaction.
The property sold for $22,500,000 and garnered multiple offers during the marketing period.
The property was formally known as the Mariners Pointe Apartments and sold by NAI to DWSS 2 years ago. Since that time the asset has undergone a multimillion dollar renovation and total transformation of the entire property.
John Burpee, the lead broker in the transaction stated “This is an excellent example of repositioning a previously troubled property in a great area and transforming it into vibrant and important part of the Pinellas Pointe community”.
NAI Tampa Bay is part of NAI Global, the world’s largest managed commercial brokerage network with more than 375 offices and 8,000 associates in 55 countries. To learn more, visit www.NAITampaBay.com