Jul
20
CushWake Secures Suburban Tampa Office Sale
ByThe Class A office building located within the Tampa Telecom Park fetched $27.4 million.
Riverside at Telecom Park, Tampa, Fla.
Tampa, Fla.—Cushman & Wakefield has negotiated the $27.4 million sale of a 167,744-square-foot office building in suburban Tampa. Philadelphia-basedEquus Capital Partners sold the Class A Riverside at Telecom Park to Cardinal Point Management of St. Petersburg, Fla. Senior Managing Director Paul Carr and Vice President Rick Colon of Cushman & Wakefield represented the seller in the disposition.
“Riverside at Telecom Park offered investors the opportunity to acquire a fully leased, Class A office asset in a desirable mixed-use business park,” said Carr in a statement. “The acquisition also presented an upside and value-add component with below-market rents in place and a well-balanced lease rollover schedule.”…
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