Cortland Partners buys Camden Bayside, considering redevelopment

By Business Observer Staff
| 10:00 a.m. February 13, 2015
| 0 Free Articles Remaining!

Tampa Bay-Lakeland

BUYER: Westshore FL Partners LLC (Cortland Partners), Atlanta
SELLER: Camden Operating LP
PROPERTY: 6301 S. Westshore Blvd., Tampa
PRICE: $85.13 million
PREVIOUS PRICE: $2.15 million, August 1985

PLANS, DESCRIPTION:
Atlanta multifamily company Cortland Partners purchased the 832-unit Camden Bayside apartments in South Tampa for $85.13 million.

The price equated to $102,314 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.