Cielo at Normandy apartments in West Jacksonville acquired by investment firm

In the transaction, the community in the Hyde Park neighborhood sold twice in one day for $11.835 million.


  • By Dan Macdonald
  • | 3:49 p.m. November 19, 2024
  • | 0 Free Articles Remaining!
The Cielo at Normandy Apartments is at 1570 Lane Ave. S. in the Hyde Park neighborhood.
The Cielo at Normandy Apartments is at 1570 Lane Ave. S. in the Hyde Park neighborhood.
  • Real Estate
  • Share

The Cielo at Normandy Apartments in West Jacksonville sold twice Oct. 29, both times for $11.835 million.

The 123-unit property is at 1570 Lane Ave. S. in the Hyde Park neighborhood.

Black Ridge, a real estate investment firm owning and operating thousands of multifamily units with offices in Miami and Montreal, acquired the property from Zavala Capital Group of Atlanta, according to a news release.

Continue reading your article
with a JAX Daily Record subscription.
What's included:
  • ✓ Unlimited digital access to JaxDailyRecord.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed printed newspaper every Thursday

 

Sponsored Content

×

Special Offer: $5 for 2 Months!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.