A 4.24 ACRE RESIDENTIAL LAND SITE
TAMPA, Fla., September 14, 2018 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, congratulates Related Group on the re-development of the Tampa Tribune building, located on a 4.24-acre site located in downtown Tampa, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The parcel sold for $17,750,000 on July 31, 2015.
Paul Bouldin, First Vice President Investments & Senior Director – National Land Group, in Marcus & Millichap’s Tampa office, participated in the transaction between the seller and the buyer.
The new Manor Riverwalk is located at 202 South Parker Street in Tampa, Florida, along the western bank of the Hillsborough River. Located in the epicenter of the central business district and zoned PD, this is irreplaceable real estate. The parcel is in proximity to downtown Tampa, the Convention Center, Tampa General Hospital and the University of Tampa. The 400 luxury apartment units are under construction and projected to be completed in early 2019.
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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