Crescent Real Estate has sold 883 units within Grande Oasis at Carrollwood, a 1,000-unit, garden-style condominium community centrally located in the Carrollwood submarket of Tampa, Fla.
West Shore purchased the asset free and clear of existing financing.
Grande Oasis at Carrollwood is situated on 58.52 acres at 3516 Grand Cayman Drive, approximately eight miles northwest of the Tampa CBD within a prime infill, supply-constrained location convenient to multiple demand drivers and robust retail offerings. Originally constructed in 1991 by Post Properties, the property offers a resort setting with three swimming pools, large fitness center, multiple tennis courts, and a one-mile walking trail surrounding a natural, 7-acre lake. The property is 95.6 percent occupied.
