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HFF arranges bulk condo buy in downtown Tampa

HFF arranges bulk condo buy in downtown Tampa
Joint venture closes bulk acquisition of 214 condo units and ground-floor retail space
November 22, 2015 10:00AM

The Slade is a 295-unit condo in downtown Tampa.

Brokerage firm Holliday Fenoglio Fowler, L.P. (HFF) arranged a joint venture that made a bulk purchase of 214 units at a condominium in downtown Tampa called The Slade.
The Slade is a six-year-old condo development with two eight-story buildings and a total of 295 units, plus 13,193 square feet of retail space on the ground floor.
HFF arranged a joint venture between Cardinal Point Management and Long Wharf Real Estate Partners to acquire 214 of the condo units and 11,163 square feet of the retail space.
The price and other terms of the transaction were not disclosed.
HFF also helped Cardinal Point and Long Wharf obtain fixed-rate acquisition financing for the bulk purchase from a division of Pacific Western Bank called CapitalSource.
The Slade’s amenities include an infinity swimming pool and spa, a two-story fitness center with a yoga room, landscaped courtyards and 24-hour concierge service.
The property is located at 1190 East Washington Street the Channelside neighborhood in downtown Tampa.

Source: The Real Deal

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