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Archstone-Smith Trust
South Florida CEO, Dec, 2004
Colorado-based Archstone-Smith Trust sold the three-tower 943-unit apartment complex Oceancrest Beach to MCZ/Centrum Florida for $160 million. Oceancrest is located at 3801, 3901 and 4001 South Ocean Drive on Hollywood Beach. The buyers are a partnership between Chicago-based Centrum Properties and MCZ Development, which plan to convert the property into The Tides condominiums.
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