TAMPA, FL – HFF announced it has closed the sale of Lost Creek Resort at Lakewood Ranch (top left rendering), a recently-completed, 272-unit, Class A multi-housing community in Bradenton, Florida.
The HFF Florida multi-housing group represented the seller, P.A.C. Land Development in the sale of the property to an affiliate of the Inland Real Estate Group of Companies, Inc. Joe Cosenza (middle right photo), vice chairman, negotiated the purchase on behalf of Inland Real Estate Acquisitions, Inc.
Leading the transaction for the HFF Florida multi-housing group were director Matt Mitchell and analyst Scott Wadler.
Lost Creek Resort is situated on 24 acres within the Lakewood Ranch master planned community, approximately 40 minutes south of downtown Tampa.
The property was designed to appeal to young professionals and families by offering resort-style amenities including a large swimming pool and spa, pool-side cabanas, tot lot, a dog park complete with an obstacle course, on-site car wash, a well-appointed clubhouse with a computer lab and entertaining areas, fitness club with weights and cardio areas, full-court indoor basketball, and volleyball and tennis courts.
Parking is provided in a combination of surface spaces and detached garages. The property has one-, two- and three-bedroom units averaging approximately 1,100 square feet each.
For a complete copy of the company’s news release, please contact:
KRISTEN M. MURPHY
HFF Associate Director, Marketing
(713) 852-3500
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