Tampa-area office portfolio fetches $101M

HFF negotiated the sale and secured $67.82 million of acquisition financing

Jun.June 03, 2017 01:40 PM

Tampa Oaks One at 12802 Tampa Oaks Boulevard (Source: 42Floors.com) 

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).


Related Article

Alexandra Lalos and Max Comess

Hodges Ward Elliott to open Miami office with former HFF brokers

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Power restored after blackout envelopes West Side of Manhattan