BANK SELLS MULTIFAMILY COMPLEX IN FLORIDA FOR $6.55 MILLION

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SARASOTA, FLA. — FirstBank Puerto Rico has sold the 200-unit Garden Grove Apartments to Lindy-Zell Garden Grove LLC for $6.55 million in an REO sale. The property, which is 84 percent occupied, is located at the intersection of Clark and Lockwood Ridge roads in Sarasota. Sperry Van Ness' Ashley Bloom and J. Chris Malkin represented the buyer.

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