The Real Deal Miami

Tampa’s Two Harbour Place office building trades with 1.27-acre site

February 25, 2013 10:00AM

  • Print

Tampa’s Two Harbour Place

BNY Mellon’s manager, URDANG, has acquired Tampa’s Two Harbour Place office building and an adjacent 1.27-acre site zoned for residential multi-family development in a joint venture with Boca Raton-based Crocker Partners, the firms announced.

The office building was purchased from Amstar/CNL Two Harbour, LLC, and the adjacent site was acquired from Lindell-Harbour, LLC. However, the terms of the deal have not been disclosed.

The 180,000 square-foot office building, located on Tampa’s planned Harbour Island development, is 90-percent leased and features seven stories of office space and a six-level parking garage.

“Excess parking in the Two Harbour Place garage can be made available to future residents of the adjacent multi-family site,” David Rabin, managing director at Urdang Capital Management said. “Providing this parking can unlock value in the multi-family site and facilitate construction of a luxury residential tower on the property. Furthermore, the revenue from leasing these excess parking spaces enhances the value of the office property.” –Christopher Cameron

MENU

Subscribe to our email newsletters

New York Real Estate News
South Florida Real Estate News