Florida & Gulf Coast + Central Florida + Apartments | August 3, 2021

CBRE Arranges $65M Sale of Tampa MF Property

CBRE has brokered the $65 million sale of Hanley Place, a 400-unit multifamily property in Tampa.

Hanley Place was originally constructed in 1972 and is located at 7315 West Hanna Ave. near Westshore Business District, Downtown Tampa, Tampa International Airport and the Westchase neighborhood. The property offers amenities including two swimming pools, a fitness center, a dog park, a business center and four on-site laundry facilities.

CBRE’s Michael Regan and Francesco Carriera represented both the buyer and sellers in the transaction. The buyer, ZMR Capital, purchased the property from NorthEnd Equities and Residential Management. In addition, Berkadia’s Brad Williamson and Wesley Moczul secured a $56.8 million acquisition loan for the property on behalf of ZMR Capital.

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CBRE’s Regan

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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