(Save the date: RealShare Industrial 2012 comes to The Bankers Club, Miami, December 5 - 6.)
MIAMI—In South Florida’s largest multifamily sale of the year, The Residences at the Village at Merrick Park has traded for $52.25 million. The sales price translates to more than $400,000 per door.
Located at 4251 Salzedo Street next to the Village at Merrick Park, the asset has 120 upscale units. A pension fund advised by Heitman sold the multifamily asset to TIAA-CREFF. Jones Lang LaSalle represented the seller. JLL declined to comment on the deal.
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