ST. PETERSBURG, FLA. — Baypoint Commerce Center, an approximately 700,000-square-foot office campus located in St. Petersburg has traded for an undisclosed amount. The buyer was New York City-based The Feil Organization, and the seller's name was not released.
The office campus consists of 15 buildings situated on 76 acres at 877 Executive Park Drive within the Gateway submarket of Pinellas County. Current tenants at the park include Sage Software, the Internal Revenue Service, Fidelity Insurance and CBS Radio.
The park was formerly known as Kroger Center before undergoing a name change in 2008. In addition, a $6 million capital improvements program was undertaken by the seller.
According to local reports, the last time the property traded, in 2007, a group of private investment companies paid more than $93.3 million for it.
— Coleman Wood