August 5, 2019 Comments Off on Tampa Office Asset Trades for $29M Views: 540 Central Florida, Florida News, Top Florida

Tampa Office Asset Trades for $29M

JLL has arranged the $29.4 million sale of Fountain Square II, a 133,887-square-foot office building in the Westshore Office submarket of Tampa.

Located at 4925 Independence Pkwy., the property is within 15 to 30 minutes of both Tampa and St. Petersburg’s central business districts. The building was renovated in 2018, and features a fitness center, management office and a café with outdoor seating area. At the time of sale, the property was 93% leased to a tenant roster that includes CarePlus, ConnectWise and the U.S. Government.

Ike Ojala and Hermen Rodriguez of JLL represented the seller, Equus Capital Partners, in the transaction. The buyer was a joint venture of Owens Realty Capital and Galium Capital. Additionally, JLL secured a seven-year, fixed-rate acquisition loan for the buyer through TD Bank.

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