Largo Apartment Complex Sells for $10.55 million

This month, Conerstone Pointe, an apartment complex in Pinellas County’s popular Largo sub-market was sold for $10.55 million. The 111-unit complex, located at 301 Seacrest Dr. (33771) is comprised of eight, 2-story buildings. Franklin Street represented both the buyer – Milbrook Properties, Ltd. (NY), and seller – a private investor. The successful sale comes at […]

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24-Unit Tampa Apartment Building Sells

Investment specialists with Marcus & Millichap arranged the sale of Manhattan Luxury Apartments, a 24-unit apartment building located in Tampa (4205 S. Manahattan Ave., 33611). The 24 one bed/one bath units each offer 600 rentable square feet and the property occupies 0.73 acre in Tampa’s Westshore neighborhood. The property sold for $2,825,000. For more info […]

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Westshore’s Eisenhower I Office Building Sold

The Eisenhower I office building (5104 Eisenhower Blvd., 33634) in Tampa has recently sold for $31.4 million. Tier REITĀ  sold the 4-story, 130,000 sf office building, located in the Westshore sub-market, to Strategic Office Partners. Built in 1998, the office building occupies nine acres in the popular office sub-market. For more info on this sale, […]

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Top 6 Things to Expect During a Commercial Relocation in Tampa Bay

Commercial relocation: it’s a fact of life. Companies — both large and small — are always moving their offices throughout Tampa Bay and the rest of the state. Those moves might be within the same building, within different floors of a building or across town. Because of the complexity of some of these moves, most […]

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How to Get Rid of Your Old Office Furniture

One question we hear time and again as commercial real estate brokers is what to do with old or unwanted office furniture. Usually, this question comes up because a client is downsizing or relocating their office. Sometimes they are just upgrading current furniture to something nicer. Either way, the larger the company, the more furniture […]

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MedHOK Renews and Expands in Tampa

The Medical House of Knowledge (MedHOK) renewed its lease at Tampa’s International Business Center and expanded into an adjacent unit. The International Business Center is located at 5550 W. Idlewild Ave., 33634 and spans 48,409 square feet over four acres. MedHOK’s expansion now puts them at 19,219 square feet of occupancy in the building. For […]

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Boulder Hotel Co Sells Florida Portfolio

Boulder Hotel Co., LLC recently sold-off six hotel properties in their Florida portfolio, three of which are in Tampa. The portfolio was sold to real estate investment trust, American Hotel Income Properties, for a total of $61 million. Excluding the mandatory $10.6 million in brand-related property improvements, this totals to about $109,000/unit. The Tampa properties […]

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MIDFLORIDA Credit Union Buys Southdale Commons

Tampa’s Southdale Commons shopping plaza, located at 1108 Dale Mabry Hwy., 33607, was sold to MIDFLORIDA Credit Union. Ellis & Co, Ltd. sold the 22,672 square-foot office building for a total of $9.5 million, or roughly $419/SF. The property is currently under renovation. For more information on this sale, click here. Contact us at 813.514.1070 […]

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Downtown Tampa’s Park Tower Sells

Sterling Equities has sold the 36-story Park Tower office building, located at 400 N. Tampa St., 33602 to a joint-venture group comprised of Feldman Equities Management, Tower Realty Partners and City Office REIT, Inc. for $79.75 million, or roughly $169/SF. Better known locally as the “BBT&T Building”, the 473,000 SF office tower is one of […]

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52-Story Tower Coming to Downtown Tampa

Downtown Tampa will soon have a new figure in its sky-line. Recently, plans were approved for the erection of a 52-story mixed-use tower overlooking the Hillsborough River. The new commercial space is a joint-venture between Feldman Equity Group, LLC and Tower Realty Group. Property situated on a 1.47 acre parcel between Ashley Dr. and Brorein […]

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