Atlanta Developer Buys University Grove Property
Business
SRQ DAILY FRIDAY WEEKEND EDITION
FRIDAY NOV 27, 2015 |
A 9.2-acre parcel of commercial land on Broadway Avenue in Manatee County was purchased by Waypoint Sarasota Owner for $4.35 million. Waypoint is a major developer of multi-family housing headquartered in Atlanta, Georgia. The property, part of the commercial component of the University Grove neighborhood, was originally listed for $4.75 million in December 2011. University Grove is a 139-acre mixed-use residential/commercial development just north of University Parkway—between Shade and Tuttle Avenues. DeLieto and Associates, of the commercial division of Michael Saunders and Company, listed the property and represented the seller in completing the lengthy and intricate transaction.
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