BRADENTON, FL --- Hendricks & Partners, which ranks as one of the nation’s largest multi-family real estate advisory and research firms, recently negotiated the sale of the Sawgrass Cove Apartments (top left photo), located at 4801 47th Ave. West in Bradenton. Cole Whitaker (middle right photo), partner at Hendricks & Partners who heads the Southeast Division of the firm based in Orlando, negotiated the transaction with Associate Partner Hal Warren representing the seller Chicago-based Equity Residential.
The 336-unit apartment property totaling 342,880 square feet was built in 1991, Whitaker said. The units, which are 97 percent occupied, are situated in 21 two-story garden-style buildings on 28.02 acres with tranquil lakes and fountains.
Amenities include resort-style swimming pool, tennis courts and clubhouse with fitness facility and business center.
New York based Atlas Real Estate Partners and Florida based Andover Real Estate Partners doing business as Sawgrass Cove Apartments, LLC acquired the property and plan to immediately upgrade the exterior, interiors, landscaping and amenities.
For more information, contact:
Cole Whitaker, Southeast Partner, Hendricks & Partners, 407-218-8880, cwhitaker@HPAPTS.com
Hal Warren, Associate Partner, Hendricks & Partners, 407-218-8881, hwarren@HPAPTS.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com
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