Pollack Shores Sells 400-Unit Apartment Community in Tampa for $82M
By Camren Skelton, Southeast Real Estate Business
Pollack Shores has sold Lexington Park at Westchase, a 400-unit apartment community in Tampa. The Tampa Bay Business Journal reports the Atlanta-based developer and owner sold the asset to Greystar for $82 million. Walker & Dunlop arranged the transaction. Pollack Shores originally acquired the asset in 2015 and invested $7 million in renovations. The project included the renovation of 50 percent of the residential units and upgrades to exterior elements. Lexington Park at Westchase is located adjacent to a Publix-anchored shopping center and features a swimming pool, business center, playground, clubhouse, movie theater and social room.
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