The Real Deal Miami

Tampa-area office portfolio fetches $101M

HFF negotiated the sale and secured $67.82 million of acquisition financing
June 03, 2017 01:40PM

Tampa Oaks One at 12802 Tampa Oaks Boulevard (Source: 

Holliday Fenoglio Fowler, L.P. (HFF) negotiated the sale of seven office buildings in the Tampa area for $101 million and arranged $67.82 million in acquisition financing for the buyer.

The seven-building portfolio has a 74 percent occupancy rate, and none of the tenants occupies more than 11 percent of the rentable space, which totals 698,100 square feet. The sale price equals about $144 per square foot.

HFF obtained floating-rate acquisition financing from Benefit Partners Realty Trust for the buyer, Durham, North Carolina-based Dilweg Companies.

A five-member HFF team represented the sellers of the office buildings, Osprey East LLC and Osprey S.A. Ltd. The HFF team included senior managing directors Hermen Rodriguez and Ryan Clutter, director Ike Ojala and associate directors Chris Lingerfelt and Tracey Goo.

Senior managing director Travis Anderson and director Brent Bowman led the HFF debt placement team.

The Tampa-area office buildings in the portfolio are: Tampa Oaks One (at 12802 Tampa Oaks Boulevard),  Lakeview at Hidden River (Hidden River Parkway) 9000 Town Center Parkway (in the Lakewood Ranch submarket), WestLake Corporate Center I and II (9119 and 9009 Corporate Lake Drive), Orion Center (3001 North Rocky Pointe Drive East) and Palm Court at Hidden River (8600 Hidden River Parkway).