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The Strand apartments sell for $64.6M

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JACKSONVILLE, Fla. – A Winter Park investment company bought The Strand, a 28-story apartment building on the Southbank, for $64.6 million, according to a deed filed Wednesday in Duval County Circuit Court, the Financial News & Daily Record reports.

A corporation affiliated with the Delorenzo Group in Winter Park bought the property from a corporation affiliated with Crescent Heights Inc., a multifamily development company with its East Coast headquarters in Miami.

Crescent Heights bought The Strand in 2013 for $53.3 million. The apartment tower at 1401 Riverplace Blvd. opened in 2007.