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Tampa

Doug Bartley +1 813 286 4310

Leasing Activity 

Transactions completed in the last 90 days include:

  • Smith & Nephew signed a five-year lease for 40,000 s.f. at Echelon Pointe at Carillon in the Gateway submarket.

  • Virginia College, LLC signed a ten-year lease for 33,968 s.f. at Highland Oaks IV in the I-75/I-4 Corridor submarket.

  • Kissinger Campo & Associates Engineering signed a ten-year lease for 27,217 s.f. at Tampa City Center in the Tampa CBD.

  • M & I Bank signed a ten-year lease for 26,896 s.f. at 501 E. Kennedy in the Tampa CBD.
    Healthpoint, Inc. signed a five-year lease for 20,560 s.f. at One Presidents Plaza in Westshore.

  • Glenn, Rasmussen, Fogarty, & Hooker renewed their 20,195 s.f. lease at Wachovia Center in the Tampa CBD through 2013.

  • Sagicorp Group signed a five-year lease for 17,449 s.f. at One Metro Center in Westshore.

  • JZA, Inc. signed a three-year lease for 10,755 s.f. at Cypress Center I in Westshore.

Large transaction  in play include:

  • PriceWaterhouseCoopers continues to search for 400,000 s.f. in a campus environment.

Sales Activity

Building sales of note:

  • CMD Realty Investors sold SunTrust Financial Centre (527,237 s.f., Class A) in the Tampa CBD to a joint venture between Macquarie and the Stiles Corporation for $117 million ($223/s.f.).

  • Beneficial Management Corporation sold Two Harbour Place (178,000 s.f., Class A) in the Tampa CBD to CNL for approximately $32.2 million ($181/sf).

  • Capital Realty Investors sold Palm Lake at Tampa Palms (85,182 s.f., Class B) in the I-75/I-4 Corridor to the Praedium Group for approximately $14 million ($169/s.f.) as part of a portfolio sale.

Pending Sales include:

  • Bridgeport Center, LLC is purported to be under contract for the sale of the building known as Bridgeport Center (170,685 s.f., Class B), which is located in the Westshore submarket.

Construction Activity  

  • Opus South anticipates a first quarter 2008 delivery of the 105,000 s.f., Class A, building known as Tampa Oaks II in the I-75/I-4 Corridor.

  • Liberty Property Trust is nearing completion of the 90,000 s.f., Class A office building known as Woodland Corporate Center located in the Northwest submarket.  The building is scheduled to be delivered in the first quarter of 2008.

  • MetLife anticipates breaking ground on the first phase of MetWest International, which includes 80,000 s.f. of office space, in early 2008 and anticipates delivery in mid 2009.

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