 |
| West Park Village, Tampa, FL |
 |
| Matt Mitchell |
TAMPA, FL – HFF announced it has closed the sale of West
Park Village, a mixed-use community featuring 617 residential units and
40,860 square feet of retail in Tampa, Florida.
HFF
marketed the property on behalf of the seller, institutional investors advised
by J.P. Morgan Asset Management.
AIMS Real Estate, a business unit within Goldman Sachs Asset
Management, and joint venture partner, Carroll Organization, purchased the
asset free and clear of existing financing.
West
Park Village is located near the intersection of Montague Street and West
Linebaugh Avenue within the Westchase master-planned community, approximately
20 minutes from downtown Tampa.
Completed between 2002 and 2004, the property consists of 40 two- and
three-story residential buildings that are 95.8 percent leased and include
one-, two- and three-bedroom flats and townhomes averaging 1,230 square feet
each.
 |
| Manny de Zarraga |
The retail component includes
tenants such as Starbuck’s, Irish 31, Catch Twenty Three and a YMCA location. Residential amenities include a resort-style
swimming pool, 24-hour poolside fitness center, barbecue/picnic areas, business
center and conference room and attached/detached garages.
The
HFF investment sales team representing the seller was led by director Matt
Mitchell along with executive managing directors Manny de Zárraga
and Matthew Lawton with support from real estate analyst Zach Nolan.
“West Park Village represents one of the best pieces of real
estate in the Tampa market. It’s a rare
and highly successful mixed-use project where the residential and retail
components are synergistic, helping support and add value to each other,” said
Mitchell.
In the Tampa Bay market, HFF has handled many of the
market’s largest transactions during the past year such as the Element, Varela,
Hyde Park Village and the downtown Tampa Hilton.
 |
| Matthew Lawton |
J.P. Morgan Asset Management – Global Real Assets has more
than $73 billion in assets under management and more than 400 professionals in
the U.S., Europe and Asia, as of March 31, 2014.
With a 40-plus-year history of successful investing, J.P. Morgan
Asset Management – Global Real Assets’ broad capabilities provide many of the
world’s most sophisticated investors with a global platform of real estate,
infrastructure, maritime/transport and energy strategies driven by local
investment talent with disciplined investment processes consistently
implemented across asset types and regions.
Carroll Organization is headquartered in Atlanta, Georgia,
and maintains regional offices in Houston, Orlando, and Miami.
The firm was founded in 2004 by Patrick
Carroll. It is a privately held owner
and operator of high-quality multifamily real estate focused on private equity
real estate investment, asset management, investment/fund management, and
property management.
 |
| Zach Nolan |
The firm’s current
portfolio of owned properties is approximately 12,000 units.
Its fully integrated platform includes a
property management division which has responsibility for approximately 14,000
units, an asset management group which oversees assets valued in excess of $1.3
billion and a fund management group which has raised more than $400 million in
equity.
AIMS Real Estate is the business unit within Goldman Sachs
Asset Management which executes several real estate investment strategies
through both fund and separate account vehicles.
Goldman Sachs Asset Management is the asset management arm of The
Goldman Sachs Group, Inc. (NYSE: GS), which manages $1.04 trillion as of
December 31, 2013.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
No comments:
Post a Comment