Four Corners Development Group Acquires Multifamily In Harvey For $65M

The multifamily property located at 1499 Central Park Blvd in Harvey, LA, was sold for $65,000,000. The property encompasses 360 units with a price per unit of $180,556. The total square footage of the property is 331,812 square feet, resulting in a price per square foot of $196.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $65,000,000
• Units: 360
• Price Per Unit: $180,556
• Square Footage: 331,812
• Price Per Square Foot: $196
• Address: 1499 Central Park Blvd
• Market: Harvey, LA

Albert Elmore from Colliers represented the buyer, Four Corners Development Group, in the transaction, while the seller, Stoa Group, was represented by their broker Albert Elmore as well.