Former PwC Campus, Converted to Multifamily, Trades in Tampa
- Jul 23, 2019
Newmark Knight Frank has facilitated the sale of Westly Shores, a 360-unit community located close to Tampa’s Westshore Business District. The team of Vice Chairman Patrick Dufour and Director Ryan Crowley represented the seller, Abacus Capital Group.
Executive Managing Director Bill Weber and Managing Director Matt Mense secured the 10-year, fixed-rate Freddie Mac loan. According to Yardi Matrix data, the previous owner acquired the property in 2015 for $39 million.
American Landmark Apartments and RSE Capital Partners are the new owners of the asset, which formerly served as PricewaterhouseCoopers’ corporate campus. With the company’s conference center demolished, there is room to build additional units and amenities. The buyers plan to invest $1 million in renovations and will rebrand the property as Amira at Westly.
Located at 6105 Paddock Glen Drive, Westly Shores is close to Tampa’s largest job center and Tampa International Airport. Completed in 1999, the community spreads across 11 buildings and encompasses one- and two-bedroom units averaging 1,000 square feet. Common-area amenities include a fitness center, a swimming pool and a spa.
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