Tampa, Florida, November, 13, 2019 – Vertica Commercial Advisors (VCA), the commercial brokerage subsidiary of Vertica Partners, has announced the sale of an 85 acre development site located in southern Hillsborough County, Florida of the Tampa Bay MSA.
VCA partners, T. Sean Lance, ALC, CCIM and Max Boehmer had the exclusive listing to market the property on behalf of the seller, a Florida based limited liability company. The buyer, a Tampa based limited liability company was also secured by VCA.
According to VCA partner, T. Sean Lance “This was a very complex land transaction involving multiple assemblages to give the buyer enough scale to make the project economically viable along with significant entitlement challenges.”
The sale included 5 parcels of land generally located south of Rhodine Road at Rising Oaks Trail in Riverview, Florida ranging in size from 0.51 to 39.12 acres and will be folded into an as-yet unnamed Master Plan Community currently under preliminary development.
“South Hillsborough County is one of the hottest areas for residential development, not only in the Tampa MSA, but on the entire Gulf Coast of Florida with virtually every local, reginal and national builder active in the area.” stated Max Boehmer, partner at VCA.
Vertica Partners is a vertically integrated investment, advisory and development firm based in Tampa, Florida. Vertica Commercial Advisors primarily focuses on land, multifamily investment sales and institutional residential aggregation. Vertica’s principals have nearly $2 billion in transaction history and have provided advisory services on more than $5 billion in development projects throughout the southeastern United States.
To learn more, visit www.VerticaPartners.com