Crescent Real Estate Sells Tampa Condo Community

JLL Closes 883-unit Sale of Tampa Condo Community

December 3, 2019 – JLL announced today that it has closed the sale of 883 units within Grande Oasis at Carrollwood, a 1000-unit, garden-style condominium community centrally located in Tampa’s Carrollwood submarket.

JLL marketed the property exclusively on behalf of the seller, Crescent Real Estate LLC. West Shore LLC purchased the asset free and clear of existing financing.

Grande Oasis at Carrollwood is situated on 58.52 acres at 3516 Grand Cayman Drive approximately eight miles northwest of the Tampa CBD within a prime infill, supply-constrained location convenient to multiple demand drivers and robust retail offerings. Originally constructed in 1991 by Post Properties, the property offers a resort setting with three swimming pools, large fitness center, multiple tennis courts, and a one-mile walking trail surrounding a natural, seven-acre lake. The property is 95.6% occupied.

The JLL Capital Markets team representing the seller included Senior Managing Director Matt Mitchell, Senior Director Zach Nolan, Associate Drew Jennewein and Analyst Jarrod Smith.

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