Colliers Scores 1.3MSF Office Leasing Portfolio in Tampa Bay

By Robert Demeter

Sarasota City Center

Tampa—Osprey S.A. LTD has granted Colliers International Tampa Bay the exclusive leasing assignment of 1.3 million square feet of Class A office space in Sarasota, Tampa and St. Petersburg.

The Osprey portfolio consists of 14 office properties, with six located in and around the Tampa Bay area, and eight located in Sarasota. The Tampa/St. Petersburg assets total approximately 700,000 square feet and the ones in Sarasota roughly 630,000.

The office properties have a combined occupancy rate of more than 80 percent and a high level of leasing activity. Lori Hellstrom, CCIM, formerly Osprey’s director of leasing, who has joined the Colliers team as a director – office services, along with Fabienne Porter, client services specialist, are currently representing the portfolio. Hellstrom handled leasing for the Sarasota offices for seven years and for the Tampa/St. Petersburg assets for the past year.

The largest property in the portfolio is the 248,000-square-foot Sarasota City Center with notable tenants including Wells Fargo and Merrill Lynch. Other prominent assets in the portfolio include the 105,096-square-foot Castille at Carillon in St. Petersburg and the Westlake Corporate Center I & II in Tampa, which total 172,048 square feet.

Lori Hellstrom, Director Office Services, Colliers

“Working in both the Sarasota and Tampa markets, Colliers International has the marketing resources and global reach needed to do an excellent job in representing Osprey’s Florida portfolio and other clients throughout the region,” said Hellstrom. “With a strong presence in the Tampa Bay market and growing presence in the Sarasota market, Colliers was a natural fit.”

With one of the largest leasing portfolios in Tampa Bay, Colliers already handles leasing for some of area’s largest office properties, including downtown Tampa’s Park Tower, and Fifth Third Center.

“Our Florida operation continues to expand, and this leasing award from Osprey S.A. LTD reflects how our quality work leads to more business for us,” said Ryan Kratz, president of Colliers International Tampa Bay, Central and Southwest Florida. “We are excited to have Lori Hellstrom and Fabienne Porter join our team, as their knowledge and expertise will be vital to our representation of these properties.”

Images courtesy of Colliers