TAMPA, ORLANDO, LAKE MARY AND OLDSMAR, FLA. — A New York-based private equity fund acquired a nine-building portfolio in Central Florida for $77.8 million from a Tampa-based commercial developer. The portfolio consists of approximately 710,500 square feet of Class A industrial/flex and office space. Seven buildings, or approximately 430,000 square feet, is located in the Tampa submarkets of Pinellas County and the airport. Two buildings are located in the Orlando submarkets of southwest Orange County and Seminole County. The portfolio is 99 percent leased. David Metalonis and John Crotty with the Fort Lauderdale based-Colliers Abood Wood-Fay investment sales team sourced and structured the transaction, and Jay Ziv, also of Colliers Abood Wood-Fay, represented the buyer.
93
next post