MIAMI, FL—Smaller multifamily owners are seeing some investor action in Jacksonville. Marcus & Millichap just closed back-to-back multifamily deals in the north Florida city.

The Columns, a 244-unit multifamily complex, sold for $7.55 million. Royal Estates, a 176-unit multifamily property, sold for $3.5 million. The Columns is located at 333 Laurina Street near Interstate 10 and Interstate 95. Royal Estates is located less than 10 minutes from Downtown Jacksonville in the Arlington submarket just west of the Regency Square Mall.

On The Columns, M&M vice president of Investments Tal I. Frydman, along with senior associates Daniel J. Cunningham and Derek R. Gibbs from the Fort Lauderdale office and associate Allan Holbrook from the firm's Jacksonville office, represented the seller, a limited liability company from Tampa, FL. M&M also represented the buyer, a limited liability company from Miami.