CUSHMAN & WAKEFIELD ARRANGES THREE APARTMENT SALES TOTALING $43 MILLION

TAMPA AND BRANDON, FLA.; AND BILOXI, MISS. — Cushman & Wakefield’s Florida Apartment Brokerage Services has arranged the sale of three multifamily communities in the Southeast. The company has arranged the $21.13 million sale of two apartment communities in Tampa and Brandon to one buyer, Blackhawk Realty Advisors. Hidden Lake, which is located at 2701 W. Waters Ave. in Tampa, is a 199,860-square-foot facility featuring 267 one- and two-bedroom units. Amenities at Hidden Lake include two swimming pools, a racquetball court and a car-care center. Sun Lake, which is located at 1212 Askew Dr. in Brandon, is a 100,180-square-foot community featuring 88 one-, two- and three-bedroom apartments. The seller, Apartment Investment and Management Co., was represented by Byron Moger and Luis Elorza of Cushman &Wakefield.
Additionally, on behalf of National Commercial Ventures, Moger and Elorza of Cushman & Wakefield have also arranged the $22 million sale of Oak Grove apartments located at 248 Debuys Rd. in Biloxi. The 274,568-square-foot community, which is situated 6 miles from Gulfport-Biloxi International Airport, includes 244 one-, two- and three-bedroom units. JL Real Ventures purchased the property that features a swimming pool, fitness center and covered parking.