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| Alta at Terra Bella Apartments, 23700 Viento Drive, Land O'Lakes, FL |
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| 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.
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| 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 | hfflp.com
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