Cushman & Wakefield Negotiates Sale Of Bay Oaks Apartments In Tampa, Florida

28 Feb, 2006, Tampa, FL

Cushman & Wakefield announces the sale of Bay Oaks Apartments located in Tampa, Hillsborough County, Florida. The property was purchased for $27 million by Crescent Resources, LLC, Charlotte, North Carolina. Cushman & Wakefield's Apartment Brokerage Services team, headed by Byron Moger, Senior Director, and Luis Elorza, Director represented the seller, Carter-Haston of Nashville, Tennessee. The new owners intend to continue operating Bay Oaks as a rental property.

With magnificent views of Hillsborough Bay, Bay Oaks is a 176-unit community built in 1974 located in the heart of central South Tampa on Bayshore Boulevard. Amenities for the community include a clubhouse, swimming pool and fitness center. Bay Oaks is conveniently located close to prestigious shopping, dining and nightlife.

"Bay Oaks is a quiet community in one of Tampa's most dynamic locations. It is a rare waterfront investment opportunity," said Moger.

To view Cushman & Wakefield's current multifamily listings, please visit www.apartments.cushwake.com or contact byron.moger@cushwake.com.

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Cushman & Wakefield is the world's largest privately held real estate services firm. Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133.

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