Meridian and Eightfold Acquire Beaumont Business Center
ByTampa, Fla.—A joint-venture between Meridian Development Group and Eightfold Real Estate Capital has acquired Beaumont Business Center, a 252,235-square-foot office park in Tampa.
Lone Star Real Estate Fund sold the asset for $18.5 million. Craig Romer and Chris Romer of Dockerty Romer & Co. arranged a $7.4 million joint-venture equity on behalf of the buyer. The office park will be rebranded as Meridian 589.
Located at 5402-5460 Beaumont Center Blvd., in the vicinity of the Veterans Expressway and public bus stops, the asset is divided into 11 single-story, red-brick buildings and include amenities such as on-site deli and parking. The property also offers individual tenant storefronts…