CUSHMAN & WAKEFIELD BROKERS TWO FLORIDA APARTMENT SALES
SARASOTA AND TAMPA, FLA. — iStar Financial has sold the 286-unit Turnbury Park at Palm Aire apartment complex to B&M Development Co. for $21.13 million. The property, located at 6104 Turnbury Park Dr. in Sarasota, features a lakeside swimming pool and a 6,000-square-foot clubhouse. The 298,702-square-foot complex was built in 1998. Byron Moger and Luis Elorza of Cushman & Wakefield’s Tampa office brokered the sale.
Moger and Elorza also represented Crescent Resources in its sale of the 176-unit Bay Oaks complex to Carter-Haston Real Estate Services for $11.35 million. Built in 1974, the 106,896-square-foot property is located at 3105 Bay Oaks Court in Tampa. Amenities include a pool and a fitness center.