Wednesday, December 31, 2008

Cushman & Wakefield negotiates sale of Palm Lake Apts. in Tampa, FL for $6.7M


TAMPA, FL, Dec,31, 2008 – Cushman & Wakefield’s Florida Apartment Brokerage Services with apartment specialists in Tampa, Orlando, Ft. Lauderdale and Miami, announces the sale of Palm Lake (top right photo) for $6,700,000.
The purchaser was Blackhawk Realty Advisors.

Executive Director Byron Moger (top left photo) and Director Luis Elorza (middle right photo) negotiated the sale on behalf of the owners, AIMCO.

Palm Lake, located at 13401 North 50th St. in Tampa, Florida was built in 1972. It is a 153,700 square foot, 150-unit apartment community that offers a mix of 1, 2 and 4 bedrooms. Palm Lake features a swimming pool with sundeck, two-story clubhouse and a business center.

“Palm Lake’s location on Fletcher Avenue, just across the street from the north-east corner of the main USF campus, gives residents excellent access to USF, the University Mall and several major medical centers. The property has outstanding value-add potential,” said Luis Elorza of Cushman & Wakefield, Inc.

To view our current multifamily listings, please visit http://www.apartments.cushwake.com/ or contact:
CUSHMAN & WAKEFIELD CONTACT: Byron Moger, Executive Director, Cushman & Wakefield, Inc., 813.204.5316 byron.moger@cushwake.com

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