TAMPA, Fla. – July 6, 2022 – Berkadia announced today the sale of Grand Pavilion, a 264-unit multifamily property located in Tampa, Florida. Senior Managing Director Jason Stanton of Berkadia Tampa completed the sale on behalf of the seller, California-based Praxis Capital. The buyer was Utah-based Bridge Investment Group, and the deal closed on June 30.
“Grand Pavilion was a great opportunity to acquire a well-located community in the USF/Innovation District of Tampa with tremendous upside potential and strategic enhancements,” said Stanton.
Located at 3110 Grand Pavilion Drive, Grand Pavilion features one- and two-bedroom floor plans with walk-in closets and private patios or balconies. Community amenities include a swimming pool, a fitness center and a clubhouse. Residents are afforded convenient access to the University of South Florida, AdventHealth Tampa and the shops and restaurants near Bruce B Downs Boulevard.