Kees Bruggen Of StoneBridge Investments Acquires Multifamily Asset In Tampa For $62.7M

The multifamily asset involved in this transaction is the Luxe, a 300-unit community located at 1820 Crosstown Club Place, Tampa. It was sold for $62,700,000. The property spans 18 buildings and was originally built in 2009, situated near major Tampa thoroughfares.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $62,700,000
• Buyer: Kees Bruggen - StoneBridge Investments
• Seller: Joe Lubeck - Electra America
• Lender: Walker & Dunlop
• Units: 300
• Price Per Unit: $209,000

Kees Bruggen represents StoneBridge Investments in the acquisition of the asset from Joe Lubeck, who represents Electra America. The financing for the purchase was facilitated by a $54.6 million acquisition loan from Walker & Dunlop. The buyer has plans for unit and amenity upgrades at the property.