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Cielo at Bradenton Apts. Trade for $12M

BRADENTON, FL-John Stone of Colliers International tells GlobeSt.com's Jennifer LeClaire that the property saw 100 interested parties.

By Jennifer LeClaire | Updated on April 05, 2011

BRADENTON, FL-Cielo at Bradenton Apartments has sold for $12 million. Aspen Square Management bought the 299-unit lender-owned community in an all-cash transaction.

Multifamily investment brokers John Stone and Jason Stanton of Colliers International Tampa Bay worked exclusively on behalf of the property owner, Wells Fargo, to facilitate the sale. Built in 1974 and substantially renovated in 2006 and 2007, Cielo offers 306,361 square feet of rentable square feet.

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