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 19, 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 |2019-10-01T13:54:31-04:00October 1st, 2019|In the News, Press Release|

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 Arranges $61M Sale of The Barrington of Carmel

Allen McMurtry, Paul Carr and David Kliewer Represented an Affiliate of Senior Quality Lifestyles Corporation in the Sale of The Barrington in Carmel, Indiana INDIANAPOLIS, IN, September 13, 2019 — Cushman & Wakefield has negotiated the sale of The Barrington of Carmel, a 267-unit, entrance-fee continuing care retirement community (CCRC) in the Indianapolis suburb of Carmel, one of the wealthiest and fastest-growing cities in the Midwest. The Tampa-based Cushman & Wakefield Senior Housing team of Allen McMurtry, David Kliewer and Paul Carr represented an affiliate of Addison, Texas-based Senior Quality Lifestyles Corporation (SQLC) in the disposition. Prairie Landing Community, Inc., an affiliate of Indianapolis-based BHI Senior Living, acquired the asset for $61 million ($228,464 per unit) through a bankruptcy sale process. The Barrington of Carmel is a ±372,000-square-foot campus comprising 137 independent living apartments, 56 assisted living units, 26 memory care units and 48 skilled nursing beds. Independent living units average ±1,095 square feet. As part of the sale, the buyer will [...]

By |2019-10-01T13:02:27-04:00September 13th, 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|

Cushman & Wakefield Represents Air Force Village West, Inc. in $58M Sale of Altavita Village

An Affiliate of Westmont Living Acquired California’s Third-Largest Senior Living Community and Plans to Convert the 589-Unit Asset to a Rental Community and Rebrand it as Westmont Village RIVERSIDE, CA, September 9, 2019 — Cushman & Wakefield has negotiated the sale of Altavita Village, California’s third-largest senior living community. The Tampa-based Cushman & Wakefield Senior Housing team of David Kliewer, Paul Carr and Allen McMurtry, in partnership with the San Diego-based team of David Rothschild and Mary Christian, represented Air Force Village West, Inc., owner of Altavita Village, in the sale of the 589-unit community. Senior Living Riverside, LP, an affiliate of La Jolla, California-based Westmont Living, acquired the asset for $58 million ($98,500 per unit). Altavita Village is a ±1,222,689-square-foot continuing care retirement community (CCRC) comprising 267 independent living cottages, 103 independent living apartments, 70 independent living duplexes, 59 skilled nursing beds, 55 assisted living units and 35 memory care units. The community features main and private dining rooms, a village [...]

By |2019-10-01T13:05:19-04:00September 9th, 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|

Cushman & Wakefield Represents Stratford Management in Sale of Gainesville, FL, Apartment Community

Saddle Rock Partners Acquired the Asset for $8.8M TAMPA, FL, August 15, 2019 – Cushman & Wakefield has arranged the sale of a 132-unit, garden-style block-construction apartment community in Gainesville, Florida, for $8.8 million, or approximately $67,000 per unit. Executive Director Nick Meoli and Executive Director Mike Donaldson, with Cushman & Wakefield’s Florida Multifamily Investment Sales Team, represented the seller, Stratford Management. The buyer is Saddle Rock Partners. Built in 1979, the community is situated on 6.5 acres at 310 SW 23rd St. in Gainesville’s University South submarket. Previously called Saddle Creek Townhomes, the buyer will rebrand the property to Hamlet Cove Apartments. The property was 97% occupied at time of sale. Units average 581 square feet with average market rents at $666. In the last year, the seller implemented a $1.1 million+ capital improvement program, which included a full exterior renovation and upgrades to onsite amenities. These upgrades include [...]

By |2019-09-26T16:33:12-04:00August 15th, 2019|In the News, Press Release|