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TAMPA, FL – JLL Capital Markets announced today that it has closed the $9 million sale of an off-market, shovel-ready, 180-unit apartment development site in Sarasota, Florida.
JLL represented the seller, a joint venture between Defined Companies, co-founded and led by Noah Leon and Steven Guasch, and Nadeb Investment Group, led by President Eben Mensah. Arlington Properties, Inc. acquired the asset.
Prior to the sale, Defined and Nadeb secured all entitlements, approvals and permits.