American Business Realty buys three Gainesville condo complexes

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GAINESVILLE, Fla. (WCJB) – A whole lot of flats in Gainesville are underneath new possession.

The corporate American Business Realty acquired 330 models in three condo complexes within the metropolis. They now personal Cazabella Residences, Camelot Residences, and Village 34 Residences. All of that are all alongside thirty fourth Avenue.

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Firm officers say they plan to renovate the interiors of the models with new cupboards, counter tops, and flooring. The clubhouses for the complexes shall be renovated with new designs and decor.

The brand new acquisitions add to the corporate’s 612-unit Gainesville condo portfolio.

“We’re bullish on the Gainesville market,” famous ACR President Rick Baer. “Fueled by the College and bolstered by each its place because the state’s high well being care middle and its increasing position as a tech innovation hub, we all know Gainesville is well-positioned to face up to any future financial pressures.”

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