Edward J. DeBartolo Of DeBartolo Holdings Acquires Multifamily Asset From Andy Allen For $67.5M

The property involved in this transaction is a multifamily asset located at 14200 Duval Road, Jacksonville. The asset encompasses 13.53 acres and consists of 390 residential units. The sale price for the transaction was $67,500,000, resulting in a price per unit of $173,077.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $67,500,000
• Units: 390
• Price Per Unit: $173,077
• Buyer: Edward J. DeBartolo - DeBartolo Holdings
• Seller: Andy Allen - Corner Lot
• Market: Jacksonville
• Acres: 13.53

Edward J. DeBartolo, representing DeBartolo Holdings, acquired the property from Andy Allen, who represented Corner Lot. The transaction involved The Avery at River City Marketplace, a 2022–2023-built apartment community featuring amenities such as a pool, clubhouse, fitness center, and pet spa, located across two adjoining parcels of land.