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Florida & Gulf Coast  + Central Florida  + Apartments  |  October 2, 2020
David Cohen
By: David Cohen

CBRE Arranges $15M Sale of Tampa Apartment Community

CBRE has brokered the $14.7 million sale of Palm Avenue Apartments, a 369-unit apartment complex in Tampa. The community is located in Tampa’s Innovation Alliance District.

Constructed between 1973 and 1975, Palm Avenue Apartments consists of 46 residential buildings surrounded by modern landscaping, two swimming pools, a children’s playground with rubber flooring, a fitness center, mailroom, community clubhouse and leasing office.

Francesco Carriera and Michael Regan of CBRE represented the seller, TLR Group, in the transaction. The buyer was Coltown Properties. Additionally, Eric Fixler of CBRE’s debt and structured finance team assisted the buyer with assuming the in-place Fannie Mae loan.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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