Saturday, May 13, 2017

HFF closes $52.87 million sale of 311-unit Alta at Terra Bella in Land O’Lakes, FL

Alta at Terra Bella Apartments,  23700 Viento Drive, Land O'Lakes, FL

Matt Mitchell
TAMPA, FL  – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $52.87 million sale of Alta at Terra Bella, a 311-unit, Class A multi-housing community in Land O’Lakes, Florida. 

HFF arranged the sale on behalf of the seller, Wood Partners.  Northland Investment Corporation (Northland) purchased the asset free and clear of existing debt.

Alta at Terra Bella is located at 23700 Viento Drive, which is close to Interstate 75 and approximately 20 miles north of downtown Tampa. 

Completed in 2016, the newly constructed, gated community offers a mix of one-, two- and three-bedroom floor plans averaging 1,091 square feet.  

Units feature granite countertops, stainless steel appliances, island kitchens, vinyl plank flooring, full-size washers and dryers, walk-in closets and screened-in patios. 

Brett Moss

Community amenities include a zero-entry saltwater swimming pool; outdoor summer kitchen; fitness center with yoga room and children’s playroom; clubhouse with sports lounge, game room with billiards, shuffleboard and kitchen/bar seating; cyber café; dog wash and expansive dog park; and breezeway-access garages.

The HFF investment sales team was led by Matt Mitchell, Brett Moss and Zach Nolan.

“As Greater Tampa continues thrive, we are pleased to add this best-in-class, newly constructed property to our portfolio,” said Matthew Gottesdiener, Chief Investment Officer of Northland.  “Pasco County in particular has experienced tremendous growth and rapidly improving demographics in recent years, and we are very excited to expand our local presence in the Tampa market.”

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

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


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