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EDR Buys 4.9 Acres in Hillsborough County for $8M

The Colliers Cos Sells Development Land
January 12, 2018
EDR, an affiliate of Madison, WI-based Education Realty Trust, Inc., purchased 4.86 acres of development land at 3600 E. Fletcher Ave. in Tampa, FL for $8 million, or about $1.7 million per acre, from The Collier Companies.

The vacant lot is located in the Northeast Tampa submarket of Hillsborough County. The buyer intends to build a 600-bed student housing facility on the commercial site, currently zoned SPI-UC-1.

Both parties handled the direct sale in-house.

Please see CoStar COMPS #4073611 for more information on this transaction.
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