Sunday, December 11, 2011

FCA Group Caps a Strong Year With Purchase of 212 Residential Units in Florida




MIAMI, FL /PRNewswire/ -- FCA Group, the North and Central American real estate investment and property management arm of global conglomerate the Libra Group, announced that it has acquired 212 units at the 264-unit Grand Pavilion (top left photo) residential estate in Tampa, Florida. 

The company now occupies around 85 percent of the sought-after garden-style community and brings FCA Group's ownership of condominiums throughout Florida to almost 500.

The acquisition brings approximately 163,000 square feet of rentable space into the FCA Group portfolio and gives the company a major presence in Tampa, one of Florida's top three residential markets.

"Our breakthrough in the Tampa residential market provides an important addition to our comprehensive portfolio," says Frank Espinosa (bottom right photo), FCA Group CEO.

"We are excited by our investment in Grand Pavilion which offers a wonderful living environment. Our property management division looks forward to working with the tenants and homeowners to further enhance the living experience through upgrades and improvements to the development."


Contact:  Chrissie Marra, +1-646-215-6888, cmarra@mww.com

No comments: