Maple Glen, a 358-unit apartment community in Orange Park, Fla. has been acquired by Robbins Electra for just over $35 million. Located on the west side of Jacksonville at 1863 Wells Rd, the new owners intend to rebarand the property The Parkland at Orange Park and plan a multimillion-dollar renovation. The low-rise property is composed of one-, two- and three-bedroom apartments with average monthly rents of $850. Common amenities include a business center, clubhouse, fitness center and two swimming pools. The seller, Starwood, bought the asset in 2011 for $20 million. The deal marks Robbins Electra’s eighth property in the Jacksonville market, and its first acquisition of 2017.
