TAMPA, FL – June 6, 2008--The sale of Georgetown Apartments was announced today by Steven M. Ekovich, First Vice President and Regional Manager for the Tampa, Florida office of Marcus & Millichap Real Estate Investment Services.
“Recently, we have seen a tremendous amount of action in the secondary and tertiary markets. We believe this is because the ‘yield seekers’ still cannot find the returns they are looking for within the primary markets” states Regan.
CONTACTS:
The property sold for $3,800,000 to Mr. Donald Mason of Mason Properties, LLC, an investor based out of Haines City, Florida.
Michael Regan and Justin Kopcsak of Marcus & Millichap’s Tampa office and Douglas Dial of Marcus & Millichap’s Orlando office repres
ented the respective parties in this transaction.
ented the respective parties in this transaction. “Recently, we have seen a tremendous amount of action in the secondary and tertiary markets. We believe this is because the ‘yield seekers’ still cannot find the returns they are looking for within the primary markets” states Regan.
Georgetown Apartments is a 90 unit complex, which is made up of six buildings spread over approximately 2.91 acres and located at 130 SE Avenue C in Winter Haven, Florida.
In Crystal River, FL, the sale of The Shoppes of Crystal River (middle left photo) was anno
unced by Steven M. Ekovich, First Vice President and Regional Manager for the Tampa, Florida office of Marcus & Millichap Real Estate Investment Services.
unced by Steven M. Ekovich, First Vice President and Regional Manager for the Tampa, Florida office of Marcus & Millichap Real Estate Investment Services. 
The property sold for $2,700,000 to an investor based out of Tampa, Florida. The seller, a local Crystal River developer, developed the property last year.
Les Aron, David Goldstein and Michael A. Mele, Vice Presidents Investments in Marcus & Millichap’s Tampa office represented the seller in the transaction, while Messrs. Aron and Goldstein, together with Matt Reichenthal represented the buyer.
The Shoppes of Crystal River is a 14,000 square foot, brand new, 100 percent occupied shopping center located at 7957 Gulf to Lake Highway/State Road 44 in Crystal River, Florida.
CONTACTS:Sue Sampson, Brokerage Administrator/CAST, Marcus & Millichap,
7650 Courtney Campbell Causeway, Suite 920, Tampa, FL. 33607.
Phone: (813) 387-4700. Fax: (813) 387-4710
7650 Courtney Campbell Causeway, Suite 920, Tampa, FL. 33607.
Phone: (813) 387-4700. Fax: (813) 387-4710
Steven M. Ekovich, Marcus & Millichap, 813 387 4700.
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