The Menlo apartments, built this year in the eTown development, sold Dec. 15 for $73.5 million.
Catalyst Development Partners, through CDP E-Town Owner LLC, sold it to Oxford Properties through PAC Menlo LLC, according to a deed filed with the Duval County Clerk of Courts on Dec. 15. Both companies are based in Atlanta.
CDP E-Town developed the apartment community. The address is 11390 Square St.
Nationwide Life Insurance Co. financed the deal to PAC Menlo with a $47 million mortgage, according to the clerks office. Oxford Properties is based in Atlanta.
Newmark Senior Managing Directors Erik Bjornson and Tyler Nilsson brokered the transaction.
The 332-unit, seven-building community comprises one-, two- and three-bedroom apartments from 678 to 1,306 square feet of living space. Monthly rents range from $1,150 to $1,855.
Apartment units feature gourmet kitchens with granite counters, stainless steel appliances, wood-style flooring, walk-in showers and in-unit washers and dryers.
All units include tech features such as keyless entry, remote thermostat control and kitchen lighting controls.
The complex offers a 24-hour fitness center, coworking spaces, a clubroom with coffee bar, bark park, resort-style pool, cabanas, outdoor kitchen, a fire pit and sport court.
It opened for leasing in March. The Menlo is the exclusive apartment community in eTown.
Catalyst Development said in March the development cost for the community was around $55 million.
Summit Contracting Group was the contractor on the project.