Gebroe-Hammer Assocs. and Lucky Commercial broker $16.3 million sale

Gebroe-Hammer Associates and Lucky Commercial Realty, Inc. , co-brokered the $16.3 million sale of Pinehurst Park, a 296-unit garden apartment complex. Senior vice president Joseph Brecher completed the transaction on behalf of the seller. The seller was a Gebroe-Hammer client who is disposing of his remaining properties in the region. Bank of America, purchased the property. Located at the intersection of Texas Rd. and Oak Ridge Rd. in Orlando's Millennia section, Pinehurst Park is close to I-4. The property features studio, one, two and three-bedroom apartments. John Dumont, Esq. of Dumont and Watson from Princeton, N.J., represented the seller. Leigh Fletcher of Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. of Tampa, Fla. represented Bank of America.