General Services buys Allure apartments

Deal comes a little more than a year after the Pinellas Park complex was completed.


  • By
  • | 6:00 a.m. November 20, 2020
  • | 0 Free Articles Remaining!
COURTESY RENDERING — The $66 million purchase of the 274-unit Allure at Gateway apartments comes a year after the Pinellas Park complex was completed.
COURTESY RENDERING — The $66 million purchase of the 274-unit Allure at Gateway apartments comes a year after the Pinellas Park complex was completed.
  • Commercial Real Estate
  • Share

A Virginia-based apartment investment firm has acquired the Allure at Gateway multifamily complex in Pinellas Park for $66 million, a little more than a year after the community opened.

General Services Corp., of Richmond, Va., has been one of the most active buyers of apartments along the Gulf Coast in recent years. In all, General Services has invested more than $500 million to purchase more than a dozen communities in Tampa, Clearwater, Sarasota and elsewhere, according to its website.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

  • December 15, 2025
Lee Health CEO to step down

Sponsored Content