St. Pete apartment complex sells for $54.6 million
The complex off Fourth Street N is convenient to both Tampa and downtown St. Petersburg.

By Susan Taylor Martin
Tampa Bay Times
Published: Nov 12, 2019

ST. PETERSBURG - A huge New York pension fund adviser has bought the West Port Colony apartments for $54.6 million.

The sale of the 324-unit complex to Clarion Partners works out at $168,519 a unit.

Built in 1989, West Port Colony last sold for $16.2 million in 2001. Clarion manages nearly $51.2 billion in total assets for more than 350 pension funds and other institutional investors.