NAI TAMPA BAY BROKERS SALE OF MULTIFAMILY DEVELOPMENT

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TAMPA, FLA. — John Burpee, T. Sean Lance, Casey Babb and Bill Renje of NAI Tampa Bay’s Multifamily Team brokered the sale of South Florida-based P.I. Holdings No. 1’s 232-unit, Class B Altamonte Apartments to Asset Development & Management Group for $13.7 million. The apartment, located at 8730 N. Himes Ave. in Tampa, sits on 12.64 acres. The sale was coordinated through the developer’s lender, Compass Bank.

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