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Tampa Bay Condos Sell for $38M

JLL Arranges Sale of 190-Unit GroveParc Townhomes Build-to-Rent 40-Acre Development Site in Tampa Submarket of Wesley Chapel

MIAMI, FL - JLL Capital Markets announced today that it closed on the sale of GroveParc Townhomes, a 48.08-acre, build-to-rent development site located in Wesley Chapel, Florida (Tampa MSA). With site work complete, the development is approved for a 190-unit townhome community. JLL worked on behalf of the seller, Blue Pointe Builders, an investment group from South Florida. Resibuilt acquired the asset. GroveParc Townhomes is located proximate to I-75 allowing for quick access to Downtown.

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