REBusinessOnline

ST. PETERSBURG’S WACHOVIA PLAZA CHANGES HANDS FOR $26.3 MILLION

ST. PETERSBURG, FLA. — Parkway Properties has sold the 17-story, 185,674-square-foot Wachovia Plaza, located at 150 2nd Ave. in St. Petersburg, to CNL Commercial Real Estate, a division of CNL Financial Group, for $26.3 million. The Class A office tower is 98 percent leased to 30 tenants, including Wachovia Bank, UBS Financial Services, H&R Block and Universal Health Care. Dale Peterson of CB Richard Ellis’ Tampa, Fla., office represented Parkway Properties.

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