Ontario-based REIT buys Mallory Square Apartments

By Business Observer Staff
| 2:35 p.m. May 3, 2013
| 0 Free Articles Remaining!

Commercial Real Estate

BUYER: Morguard Mallory Square Apartments LLC (principals: Beverley Flynn, John Talano, Guy Cheramie and Robert Kutcher), Mississauga, Ontario
SELLER: TMP Mallory Square LLC
PROPERTY: 11306 Mallory Square Drive, Tampa
PRICE: $43.78 million
PREVIOUS PRICE: $38.75 million, December 2010
LAW FIRM ON DEED: Morrison & Foerster LLP, Palo Alto

PLANS, DESCRIPTION: A trust of Mississauga, Ontario-based Morguard purchased the 383-unit Mallory Square Apartments for $43.78 million.

The price equated to $114,333 per unit.