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Multifamily REIT Buys Southeast Tampa Apartment Complex for $28.7 Million

Multifamily real estate investment trust Resource Apartment REIT III purchased The Park at Kensington, a 204-unit apartment complex in Riverview, Florida, for $ 28.7 million or $ 140,686 per unit. The Philadelphia-based firm acquired the apartment complex from Blue Magma Residential LLC, which originally bought the community in 2012, according to CoStar data. Located at […]

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Local Investor Buys Lake Osprey Office Building in Sarsota for $7.4 Million

Locally based investor Lawrence Holdings LLC acquired the 37,500-square-foot Lake Osprey office building in Sarasota, Florida, for $ 7.4 million, or $ 207 per square foot. The local investor bought the property from Lakewood Ranch Commercial Realty LLC. According to Robbie McEwan of Holliday Fenoglio Fowler, a broker that represented the seller in the deal, […]

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Equity Management Partners Buys Tampa Bay Center for $27 Million

Equity Management Partners purchased the Tampa Bay Center, a 142,350-square-foot shopping center in Tampa, Florida, for $ 27 million, or about $ 190 per square foot. The Largo, Florida-based investor acquired the shopping center from locally-based equity funds firm Third Lake Capital, which originally acquired the property in 2015, according to CoStar data. Located at […]

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Cleveland Developer Buys Central Avenue Office Site in Redevelopment Play

Development firm The NRP Group acquired a 9,950-square-foot office building off of Central Avenue in St. Petersburg, Florida in part of a redevelopment project. The Cleveland-based firm purchased the building, which sits on a 2-acre site, from Castlefrank Florida Holdings LP for $ 7.2 Million, or about $ 724 per square foot. Located at 1701 […]

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Nashville-Based Investor Completes First Ever Tampa Purchase, Buys The Collection at Sabal Park for $52.8 Million

Nashville, Tennessee-based investor Priam Capital is expanding its presence in the Southeast with its first ever purchase in Tampa, Florida. Priam Capital acquired the eight-building The Collection at Sabal Park for $ 52.79 million, or about $ 121 per square foot. The firm bought the office buildings from a joint venture between IP Capital Partners […]

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