TBO.com: Tampa Bay Online.
Monday, May 30, 2016
  • Home

Business Center

Get the latest scoop on news that matters to the Tampa Bay area business community.

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.