Avison Young Brokers Tampa-Area Office Sale
ByAvison Young’s Florida Capital Markets Group has closed the sale of Citizens Bank & Trust Plaza, a 71,190-square-foot office building in downtown Lakeland, Fla. The multi-tenant asset traded in a $7.2 million deal to South Florida-based Geneva Group.
Located at 402 S. Kentucky Ave. on a 1.33-acre site, the six-story property was 89.9 percent leased at the time of the sale. Citizens Bank & Trust Plaza features recently renovated common areas, covered parking and is in the proximity of several newly constructed apartments, single-family housing, as well as restaurants and entertainment venues. Notable tenants include Citizen’s Bank and Trust, CliftonLarsonAllen and MidAmerica.
Avison Young Principals David Duckworth, Tim Callahan, John Crotty and Michael Fay, who is also managing director of the firm’s Miami operations, worked on behalf of the seller in the transaction…
