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Cushman & Wakefield Represents Symcor Capital Partners in $15.2M Sale of Tampa Bay Area Apartment Community

Main Street Holdings, LLC Acquired The Park at Ashley Place in New Port Richey TAMPA, FL, September 10, 2019 – Cushman & Wakefield has arranged the sale of The Park at Ashley Place, a 143-unit, garden-style apartment community located approximately 30 miles north of Tampa in New Port Richey. The value-add property sold for $15.2 million, or $106,049 per unit, and is currently 98% occupied. Executive Director Nick Meoli and Executive Director Mike Donaldson, with Cushman & Wakefield’s Florida Multifamily Investment Sales Team, represented Nick Pittarelli, Avery Palevsky and Gerard Abitbol with Symcor Capital Partners, a Canadian real estate investment firm, in the disposition. The buyer is Main Street Holdings, LLC, a regional real estate investment firm based in Stuart, Florida, that focuses on multifamily assets. The Park at Ashley Place is situated on approximately eight acres at 4031 Vista Verde Drive. It is centrally located within Pasco County, where [...]

By |2019-09-20T16:48:57-04:00September 20th, 2019|In the News|

Cushman & Wakefield Arranges $29.5M Sale of Watermans Crossing Apartments in Tampa

The 337-Unit, Riverfront Community Presents a Strong Value-Add Opportunity for Buyer Westside Capital Group TAMPA, FL, September 16, 2019 — Cushman & Wakefield, as the exclusive agent, has negotiated the sale of Watermans Crossing, a multifamily community positioned along the Hillsborough River in Wellswood submarket of Tampa. The 337-unit property sold for $29.5 million, or approximately $87,000 per unit, and was 92% occupied at time of sale. Executive Director Luis Elorza, Executive Director Brad Capas, Vice Chairman Robert Given and Senior Financial Analyst Michael Mulkern, with Cushman & Wakefield’s Florida Multifamily Investment Sales Team, represented Texas-based Atlantic Housing Foundation in the disposition. The buyer is Miami-based Westside Capital Group, which now owns two multifamily properties in Tampa’s Wellswood neighborhood and approximately $100 million of assets within greater Tampa MSA. Westside plans on rebranding the property to “Westshore Crossing”. At 4515 N. Rome Ave., Watermans Crossing sits on 13.4 acres approximately [...]

By |2019-09-20T16:31:03-04:00September 20th, 2019|In the News, Press Release|

Nocturnal Hospitality Group to Bring New “Celebrity Chef” Dining Concept to Downtown St. Petersburg’s 200 Central

La Pergola, Specializing in High-End Italian Cuisine and Top-Shelf Cocktails, is Slated to Open Spring 2020 ST. PETERSBURG, FL, September 20, 2019 – Downtown St. Petersburg’s 200 Central is pleased to welcome La Pergola, the newest dining concept from Nocturnal Hospitality Group and Pinellas County’s first celebrity chef-driven restaurant. Partners Lanfranco Pescante, David Anderson, Lou Dommer and Executive Chef Fabio Viviani of Bravo’s “Top Chef” will bring the high-end Italian concept to the heart of downtown St. Petersburg this spring. La Pergola will be Nocturnal’s first restaurant outside of downtown Tampa, where it has opened a highly successful row of restaurants along Franklin Street, including Osteria and Mole y Abuela, as well as the upcoming Shibui. La Pergola will feature Nocturnal’s signature flair for mixing exquisite food with a lively lounge and bar scene serving unique craft cocktails. The 6,000-square-foot restaurant will be situated prominently on downtown St. Petersburg’s vibrant 200 [...]

By |2019-09-20T16:22:22-04:00September 20th, 2019|In the News, Press Release|

Cushman & Wakefield Represents HKSK Corporation in $15.9M Sale of Pinellas County, FL, Multifamily Community

DLS Partners, LLC Acquired the 137-Unit, Garden-Style Asset in Largo, Florida TAMPA, FL, September 10, 2019 – Cushman & Wakefield has arranged the sale of Oak Ridge Apartments, a garden-style multifamily asset in Largo, Florida, for $15.9 million. The 137-unit community , which includes apartments and townhomes, sold for $116,350 per unit and provides significant value-add opportunity. Executive Director Nick Meoli and Executive Director Mike Donaldson, with Cushman & Wakefield’s Florida Multifamily Investment Sales Team, represented Raymond Katz with New York-based HKSK Corporation in the disposition. The buyer is DLS Partners, LLC, which focuses on acquiring upside core multifamily assets in Florida. Oak Ridge Apartments sits on approximately 12.6 acres at 13333 Ridge Road and has excellent frontage on Ulmerton Road, a primary artery of Pinellas County that connects to Tampa via Interstate 275 to the east and the Gulf beaches to the west. Of the 137 residences, 69% of [...]

By |2019-09-20T16:43:22-04:00September 10th, 2019|In the News, Press Release|

‌Jay Jordan Joins Cushman & Wakefield’s Senior Housing Team

Jordan Brings Significant Experience in Real Estate and Finance to the National Investment Sales Team TAMPA, FL, September 4, 2019 — Cushman & Wakefield is pleased to announce Jay Jordan has joined the firm’s Senior Housing Capital Markets team. Based in Tampa, the team focuses on the sale of Senior Housing assets throughout the country. Jordan brings significant experience working with senior living and healthcare assets, with expertise in real estate financing. As a member of the Cushman & Wakefield team, he will assist with the origination and execution of senior housing sales, in addition to providing debt advisory and capital solutions to clients in need of structured financing. Most recently, Jordan worked for Directed Capital, a boutique private equity firm based in St. Petersburg, Florida, where he focused on distressed note acquisitions and loan originations secured by senior living assets. Prior to that role, he served as a Relationship Manager with KeyBank [...]

By |2019-09-05T10:10:33-04:00September 5th, 2019|In the News, Press Release|

Office Evolution to Open Second Tampa Office with 13,000-SF Space on Harbour Island in Downtown

Growing Coworking Franchise Recently Completed Expansion of First Location at Lincoln Center in Tampa’s Westshore Business District TAMPA, FL, August 19, 2019 – Office Evolution, the largest coworking franchise in the country with 64 locations across the United States, is pleased to announce it will open a second office in the Tampa market. The new office will occupy a 13,000-square-foot space in the premier, waterfront Pointe on Harbour Island in downtown Tampa. Construction is currently underway, and it is set to open this fall. The Pointe, located at 601 S. Harbour Island Blvd., overlooks Downtown Tampa and shares the waterfront with American Social and Jackson’s Bistro & Sushi Bar, both popular dining destinations that will serve as built-in amenities for Office Evolution clients. Senior Director John Fish and Managing Principal Scott Garlick, with Cushman & Wakefield’s Tampa-based Tenant Advisory Group, represented John and Karen Przedpelski, co-owners of Office Evolution Tampa, [...]

By |2019-09-20T16:52:31-04:00August 19th, 2019|In the News, Press Release|

Cushman & Wakefield Represents Symcor Capital Properties in $43M Sale of Southwest Florida Apartment Community

Cohen-Esrey Apartment Investors, LLC Acquired Lakes at North Port TAMPA, FL, August 15, 2019 – Cushman & Wakefield has arranged the sale of Lakes at North Point, a 312-unit, garden-style apartment community located in North Port, Florida. The value-add property sold for $43 million, or $137,821 per unit, and is currently 95% occupied. Executive Director Nick Meoli and Executive Director Mike Donaldson, with Cushman & Wakefield’s Florida Multifamily Investment Sales Team, represented Symcor Capital Properties, a Canadian real estate investment firm, in the disposition. The buyer is Cohen-Esrey Apartment Investors, LLC, an Overland Park, Kansas-based investor and developer focused on multifamily assets. Lakes at North Port is situated on approximately 27 acres at 1015 Ohana Way, with convenient access to Interstate 75 and U.S. 41, providing access to over 700,000 jobs within a 30-minute commute in nearby Sarasota and Fort Myers. The location also provides convenience to numerous award-winning beaches [...]

By |2019-09-20T16:56:27-04:00August 15th, 2019|In the News, Press Release|

Harper Limbach to Relocate HQ from Tampa’s Westshore to New Industrial Facility Near CBD

The Building Solutions Company Will Occupy 31,820 SF at Tampa Fulfillment Center, a Bayfront, Class A, LEED-Certified Distribution Center by Developer Keating Resources TAMPA, FL, July 24, 2019 – Keating Resources and Cushman & Wakefield are pleased to announce that Harper Limbach has pre-leased a 31,820-square-foot space at Tampa Fulfillment Center, a new, Class A distribution center under development near downtown Tampa and Ybor City. The Tampa-based provider of building systems and solutions will use the new, state-of-the-art space as its headquarters, relocating from the Westshore area. Keating Resources, the developer of Tampa Fulfillment Center, has officially started construction on the 179,080 square-foot distribution facility following the July 23 closing of the 18-acre, bayfront, infill site. The project is scheduled for completion April 2020. The Cushman & Wakefield team of Director John Jackson, Managing Director Julia Silva, Senior Associate Jessica Mizrahi and Associate JT Faircloth represented Keating Resources in the [...]

By |2019-09-05T10:00:14-04:00July 24th, 2019|In the News, Press Release|

Cushman & Wakefield Arranges $69M Sale of Tampa Distribution Center on Behalf of High Street

Link Industrial Properties Acquired the 955,000-Square-Foot, Core-Plus Industrial Asset TAMPA, FL, July 11, 2019 – Cushman & Wakefield has negotiated the sale of Tampa Distribution Center, a Class A industrial facility in Tampa’s premier Eastside submarket. The six-building, 955,000-square-foot asset sold for $69.25 million. The Cushman & Wakefield Investment Sales Team of Vice Chairman Mike Davis, Executive Managing Director Rick Brugge and Director Rick Colon represented High Street Realty Company, a Boston-based private equity real estate investment company, in the disposition. The buyer is Link Industrial Properties, Blackstone’s U.S. industrial real estate operating platform. At 1212 N. 50th St., Tampa Distribution Center has an in-fill location at the center of the Tampa Bay metropolitan area. The property is located just off the Selmon Expressway, and is easily accessible from several major transportation arteries, inlcuding Port of Tampa, Interstate 4, Interstate 75 and Tampa International Airport. It is also four miles [...]

By |2019-07-19T11:35:57-04:00July 11th, 2019|In the News, Press Release|

‌Cushman & Wakefield Arranges $35M Sale of Wildewood Downs​

David Kliewer, Paul Carr and Allen McMurtry Represented an Affiliate of The Hollinger Group in the Sale of the Retirement Community in Columbia, South Carolina COLUMBIA, SC, June 28, 2019 — Cushman & Wakefield has negotiated the sale of Wildewood Downs, a 248-unit, entrance-fee continuing care retirement community in Columbia, South Carolina. The Tampa, Florida-based Cushman & Wakefield Senior Housing team of David Kliewer, Paul Carr and Allen McMurtry represented an affiliate of Mechanicsburg, Pennsylvania-based The Hollinger Group in the disposition. Senior Living Communities (SLC), of Charlotte, North Carolina, acquired the asset for $35 million ($141,129 per unit) using debt financing from a publicly-traded REIT. Wildewood Downs was developed between 2000 and 2014 at 731 Polo Rd. The ±348,728-square-foot property comprises 76 Independent Living homes, 60 Independent Living apartments, 40 Assisted Living units, eight Memory Care units, a 64-bed Skilled Nursing Facility with an 80-bed licensed capacity, and a two-story commons building with extensive amenities. In 2017, previous ownership invested approximately $400,000 to update [...]

By |2019-07-19T12:04:36-04:00June 28th, 2019|In the News, Press Release|