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Berkadia Completes Sale of 292-Unit Tampa Multifamily
Berkadia Institutional Solutions has completed the sale of The Livano Uptown, a 292-unit, garden-style multifamily property located in the Tampa suburb of Thonotosassa, FL. The property has since been rebranded Tessa Springs. Senior Managing Director Matt Mitchell and Associate Bailey Smith of Berkadia Tampa led the sale on behalf of the seller, Alabama-based LIV Development. The buyer was The Praedium Group.
“LIV Development was ahead of the curve by delivering a best-in-class product in an undersupplied submarket surrounded by major economic drivers and some of Tampa’s largest employers,” said Mitchell.
Located at 11810 Walker Road, Tessa Springs features one-, two-, and three-bedroom floor plans with washers and dryers, granite countertops, and private balconies in select units. Amenities include designer clubhouse, resort-style pool with lounge seating, private workspaces with conference rooms, party barn, state-of-the-art 24-hour fitness center with yoga/spin room, pet center, and 24-hour onsite community market.
- ◦Sale/Acquisition

