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Florida & Gulf Coast  + Apartments  |  October 25, 2019
David Cohen
By: David Cohen

JLL Brokers $69M Sale of Apartment Project in Tampa

JLL has arranged the $69.4 million sale of the Canopy Apartments, a 318-unit, apartment project in Tampa’s Citrus Park.

The apartment community offers floorplans from one to three bedrooms, as well as granite countertops, a stainless-steel appliance package, nine-foot ceilings, subway tile backsplashes and contemporary cabinetry. Amenities include a saltwater swimming pool with sundeck, an outdoor pavilion with TVs, a pet park, a 24-hour fitness center, gaming room and a clubhouse.

The property was developed in 2017 by a joint venture comprised of New York-based real estate investment firm Glenmont Capital Management and Arlington Properties, Inc., a Birmingham-based real estate development firm. Matthew Mitchell of JLL’s Capital Markets Team in Tampa represented the venture in the sale. The buyer was undisclosed.

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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