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Sunday, May 01, 2016

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Newport Square apartments sold for $8.9 million

Tampa-based Park Pointe Apartments LLC has purchased Newport Square apartments on North Himes Avenue for $8.9 million. Newport Square, which was sold by Monument Real Estate Services LLC of Coral Gables, is a 188-unit property built in 1970 with apartments renting for about $782 per month. Jason Stanton, vice president of Hendricks-Beradia, which negotiated the deal, said in a statement that the complex’s new owner plans to improve the quality of the units and the property’s curb appeal.