Louisiana based company purchases Bradenton apartments from Chicago based multifamily firm

newsintern@bradenton.comJune 8, 2013 

BRADENTON -- A downtown Bradenton apartment complex located along Riverwalk sold to a company headquartered in Louisiana for $21.8 million.

Morguard NAR Holdings LLC of Louisiana purchased the Watermark apartment complex at 210 Third St. West from TMP Watermark LLC of Chicago for $21.8 million.

With the purchase of Watermark, Morguard assumed a $12.1 million mortgage with US Bank. The remaining $9.7 million was paid in cash.

The spacious apartment complex includes one, two, and three bedroom apartments ranging from $815 to $1,615 a month. One bedroom apartments range from 678 square feet to 858 square feet. Two bedroom apartments are listed as 1,216 square feet and three bedroom apartments are 1,510 square feet.

Apartments feature walk-in closets, a screened patio or balcony and luxury kitchens. Renters have the option between furnished and unfurnished apartments.

The Watermark apartments are gated and include a club house, 24 hour fitness center, playground, and a swimming pool. Watermark apartments are in walking distance of the Manatee Performing Arts center.

The downtown shopping district, restaurants and entertainment are also within walking distance from the apartments.

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