Saturday, January 30, 2016

HFF closes sale of Circa at FishHawk Ranch in Lithia, FL

Circa at FishHawk Ranch Apartments, Lithia, FL
                                                                                        (photographer: Chris Stevens, C2 Design Group).

Matt Mitchell
TAMPA, FL – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Circa at FishHawk Ranch, a 260-unit, Class A garden-style multi-housing community located in Lithia, Florida.

HFF marketed the offering exclusively on behalf of the developer, a joint venture between North America Sekisui House, LLC (NASH) and Newland Communities.   Inland Real Estate Acquisitions, Inc. facilitated the purchase of Circa at FishHawk Ranch for an Inland-related party.

Circa at FishHawk Ranch is located at 5881 Spector Road within the 4,100-acre FishHawk Ranch master planned community, which is approximately 20 miles southeast of downtown Tampa.

 Positioned in the heart of the community’s Village Center – which is currently under development and once complete will feature retail, dining and medical office space – Circa at FishHawk Ranch is walkable to top-rated schools and the Florida headquarters of Mosaic (NYSE: MOS).  Completed in November 2015, the property has one-, two- and three-bedroom units averaging 1,045 square feet each.

Matthew Lawton

 The amenity-rich community features a resort-style swimming pool with sundeck and cabanas; outdoor pavilion and kitchen with bar, grills, screened-in party room with billiards, ping pong and shuffleboard; state-of-the-art fitness center with cardio/weight room, spin studio, yoga area and children’s playroom; clubroom with flat screen televisions; internet café and social lounge with coffee station; conference room; pet spa facility; condo-quality interior finishes; and attached/detached garage parking.

The HFF investment sales team was led by managing director Matt Mitchell, executive managing director Matthew Lawton and associate director Zach Nolan.

“Suburbs like FishHawk Ranch have been particularly starved for new supply so properties like Circa are filling a void in the market for people who want to enjoy a high-quality, suburban lifestyle, but don’t need or want to own a 3,000-square-foot house,” said Mitchell.

 “In Tampa, these types of assets are attractive to investors because of strong fundamentals, job growth, an expanding population and a manageable supply pipeline.”

“Working with HFF made this complicated deal easier to purchase,” said Joe Cosenza, president of Inland Real Estate Acquisitions, Inc., and vice chairman of The Inland Real Estate Group, Inc. “This luxury apartment community met our criteria of being newly constructed, ideally located and well occupied, and we will continue to look for similar properties in the new year.”

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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