GVA Advantis’ Mark Cooney, (right photo) executive director of land services, and Randy Mills, (left photo) associate of land services, exclusively represented the buyer, Delaney Creek Crossing, LLC, an entity of Phillips Land Acquisition, LLC. The seller was Tampa-based Falkenburg Road, LLC, a Florida limited liability company that was represented by Willis & Associates Inc.
“The market timing for new multi-family rental units is warranted due to current economic constraints of single-family housing acquisition,” says Cooney.
Located at 5600 South Falkenburg Road, the property is situated just south of Progress Boulevard in Riverview. The site is planned for a multi-family rental community.