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Blackstone Group picks up Jacksonville, Fla., apartment complex for $56M

Private equity giant Blackstone Group LP paid $55.6 million to acquire the Arium Town Center apartment complex in Southside, Jacksonville, Fla., the Jacksonville Business Journal reported, citing property records.

Carroll Organization, the seller, acquired the property at 10135 Gate Parkway for $40.9 million in 2014, according to the June 15 report.