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ORANGE PARK, FLA. — Elco Landmark Residential has acquired two garden-style apartment communities in Orange Park, a suburb of Jacksonville, for $47.5 million. The deal included Bridgewater at Wells Crossing, a 288-unit property built in 1986. Located at 350 Crossing Blvd., the property has been renamed Landmark at Autumn Cove. Elco also purchased the adjacent Mariner's Wharf at 351 Crossing Blvd. The 272-unit community has been renamed Landmark at Vista Grande. The complexes are about 95 percent occupied. Elco plans to renovate both properties and add a dog park, business center and picnic area. Equity Residential of Chicago was the seller.