Viera at Westchase apartments sell for $52.75M

BUYER: Freg Viera Westchase LLP, Glendale, Colo.
SELLER: Branch Creek Multifamily Partners LLC
PROPERTY: 12401 W. Hillsborough Ave., Tampa
PRICE: $52.75 million
PREVIOUS PRICE: $39.75 million, January 2012
LAW FIRM ON DEED: Waller Landsden Dortch & Davis LLP, Nashville

PLANS, DESCRIPTION:
Glendale, Colo.-based Forum Real Estate Group purchased the 330-unit Viera at Westchase apartments for $52.8 million.

The price equated to $159,848 per square foot. That figure is higher than the two-year average price per unit for multifamily space ($72,609) in the Tampa Bay area, according to the CoStar Group.