Newland Communities Sells Apt Building in Lithia
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Newland Communities sold the 260-unit Circa at FishHawk Ranch multifamily complex at 13930 Spector Rd. in Lithia, FL to Inland Real Estate Group of Companies, Inc. for $ 42 million, or approximately $ 162,000 per unit. The 271,764-square-foot apartment community consists of one-, two- and three-bedroom units in four buildings. It was built in 2015 and was 87 percent occupied at the time of sale. Matt Mitchell of HFF represented the seller. The…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group
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