South Tampa Land Portfolio Sells for $6.28 Million
TAMPA, FL, March 8, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a 2.94-acre developmental land portfolio located in Tampa, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The portfolio sold for $6,280,439, and is part of a seven-property, five-seller assemblage that includes those parcels bounded by North Howard Avenue, West State Street, North Armenia Avenue and West Lemon Street.
Paul Bouldin, senior associate in Marcus & Millichap’s Tampa office, led the team that exclusively marketed the properties on behalf of the sellers and procured the buyer, The Richman Group of Florida. Francesco P. Carriera and Michael P. Regan, both senior managing director investments in the firm’s Tampa office, assisted in the transaction.
“This will be an important addition to the new gateway into South Tampa,” says Bouldin. “We were very pleased to have played a part in bringing it together.”
The site is two blocks south of Interstate 275 and halfway between the Westshore Business District and downtown Tampa. It is immediately north of the new Brian Glazer Family Jewish Community Center.
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About Marcus & Millichap (NYSE: MMI)
With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com