Centennial Holding Co. buys second Tampa apartment

BUYER: Centennial Cross Creek LLC (Centennial Real Estate Fund IV LP), Atlanta
SELLER: Canterbury Gardens LLC (parcel I) and Canterbury Gardens Phase II LLC(parcel II)
PROPERTY: 10821 Cross Creek Blvd., Tampa
PRICE: $38.4 million
PREVIOUS PRICE: $4.7 million, April 2005 and $600,000, September 2013
LAW FIRM ON DEED: Green & Piotrikowski PLLC, Miami Beach

PLANS, DESCRIPTION:
Atlanta-based Centennial Holding Co. LLC purchased the 297-unit The Gardens At Cross Creek apartments for $38.4 million.

The price equated to $129,293 per unit. That figure is higher than the two-year average price per unit for multifamily space ($72,609) in the Tampa Bay area, according to the CoStar Group.