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South Florida

HFF arranges bulk condo buy in downtown Tampa

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

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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.

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Condo MarketHffTampa