Sale of Tampa Bay region multi-housing high-rise closes
JLL Capital Markets closed the sale of Icon Central to Camden Property Trust
Tampa – August 26, 2021 – JLL Capital Markets announced today that it has closed the sale of Icon Central, a 368-unit, 15-story, residential high-rise in the Tampa Bay community of St. Petersburg, Florida.
JLL marketed the property on behalf of the seller, Related Group. Camden Property Trust acquired the property.
Completed in 2019, Icon Central set a new standard for apartment living in Tampa Bay when it delivered. Units feature private balconies; Italian cabinetry; stainless steel appliances; kitchen islands; a full-size washer and dryer; and electronic key-fob entry. The community provides residents with a pool with lounge area; fitness center; rooftop terrace with outdoor kitchen, dining, seating and firepits; sauna and steam room; spa with massage tables and Zen lounge; private clubroom and dining room; museum quality art throughout the property; a movie-theatre; game simulator with golf, lacrosse, soccer and hockey software; and on-site retail and dining.
Situated at 855 Central Ave., Icon Central boasts incredible walkability to a wide variety of shopping, dining, and recreation in downtown St. Petersburg. The property sits at the nexus of two thriving districts – the Central Arts District and the Edge District – which are home to popular art galleries, museums, breweries and Tropicana Field, home to the Tampa Bay Rays.
The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Senior Managing Director Matt Mitchell, Executive Managing Director Matthew Lawton, and Senior Director Zach Nolan.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 91,000 as of March 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Related Group
Since 1979, Related Group has enhanced skylines with iconic developments characterized by innovative design, enduring quality and inclusive living. Through groundbreaking partnerships with world-renowned architects, designers and artists, Related has redefined urban environments on a global scale, fostering distinctive, dynamic communities and symbolic landmarks that have become sources of local pride. To date, Related has built and managed more than 100,000 condominium and apartment residences that are meticulously designed with finishes and amenities that transform buildings into vibrant residential environments. Related doesn’t just create neighborhoods…it builds legacies.
About Camden Property Trust
Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 170 properties containing 57,979 apartment homes across the United States. Upon completion of 8 properties currently under development, the Company’s portfolio will increase to 60,587 apartment homes in 178 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 14 consecutive years, most recently ranking #8. For additional information, please contact Camden’s Investor Relations Department at (713) 354-2787 or access our website at camdenliving.com.