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Published: 9/30/2013

BUSINESS BRIEF

Michigan investor buys apartments in Toledo

BLADE STAFF

A 208-unit apartment complex in Toledo has been sold to a Michigan private investor for $2.4 million.

The Park Terrace Apartments, which are at 5301 Hill Ave. just west of Reynolds Road, was sold Sept. 20 to Park Terrace Apartments-Ohio LLC of Bloomfield Hills, Mich. The seller was Tritex Park Terrace of Atlanta.

The Reichle Klein Group of Toledo handled the sale of the complex, which was built in 1978 and consists of 10 buildings on a 15-acre site.



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