{"id":1004053815,"date":"2012-11-30T12:32:23","date_gmt":"2012-11-30T20:32:23","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=84287"},"modified":"2022-12-06T18:14:15","modified_gmt":"2022-12-07T02:14:15","slug":"parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/","title":{"rendered":"Parmenter Realty Buys Two Tampa Office Buildings from Prudential for $85M"},"content":{"rendered":"

By Georgiana Mihaila, Associate Editor<\/em>\"\"<\/a><\/p>\n

Miami-based Parmenter Realty Partners added 494,813 square-feet of office space to its portfolio when it\u00a0purchased two Class A office buildings on Rocky Point Island in Tampa, Fla. for $85 million.<\/p>\n

Seller Prudential Real Estate Investors first started looking for a buyer for the Island Center and Waterford Plaza buildings in mid-2009, but withdrew the properties from the market only to restart marketing efforts approximately four months ago.<\/p>\n

Mike Davis, executive director of Cushman & Wakefield\u2019s Southeast Capital Markets Group\u2014the firm that negotiated the transaction on behalf of the seller\u2014said that \u201cThe capital markets again view Tampa positively from a long-term investment perspective.\u00a0 Accordingly, well-positioned core assets are in high demand.\u201d<\/p>\n

The Cushman & Wakefield\u2019s Southeast Capital Markets Group sales team was formed by Mike Davis, executive director, Rick Brugge, CCIM, associate director and Michael Lerner, senior director. Cushman & Wakefield was assisted by CLW Real Estate Services. \u00a0The sale price of $85 million equates to approximately $169 per square foot.<\/p>\n

Totaling 494,813 square feet, Island Center and Waterford Plaza are both Class A, 12-story office buildings and have been built in 1985 and\u00a01986 respectively. The 249,797-square-foot Island Center is located at 2701 Rocky Point Drive and spans over 2.9 acres, while the Waterford Plaza, located at 7650 Courtney Campbell Causeway, encompasses 245,016 square feet.<\/p>\n

The two buildings were 85 percent leased at the time of the sale, with a tenant roster that includes URS Corp., Cigna Healthcare, GXS Inc. and TCM Bank.<\/p>\n

Image: Island Center via LoopNet<\/h6>\n","protected":false},"excerpt":{"rendered":"

Miami-based Parmenter Realty Partners added 494,813 square-feet of office space to its portfolio when it purchased two Class A office buildings on Rocky Point Island in Tampa, Fla. for $85 million.<\/p>\n","protected":false},"author":39,"featured_media":1004506404,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1612],"tags":[],"class_list":["post-1004053815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-tampa"],"acf":[],"yoast_head":"\nParmenter Realty Buys Two Tampa Office Buildings from Prudential for $85M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parmenter Realty Buys Two Tampa Office Buildings from Prudential for $85M\" \/>\n<meta property=\"og:description\" content=\"Miami-based Parmenter Realty Partners added 494,813 square-feet of office space to its portfolio when it purchased two Class A office buildings on Rocky Point Island in Tampa, Fla. for $85 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-11-30T20:32:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T02:14:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/island-cemnter.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Amalia Otet\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\\\/\"},\"author\":{\"name\":\"Amalia Otet\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9f6a1043b1429cf8ff129c75614caa73\"},\"headline\":\"Parmenter Realty Buys Two Tampa Office Buildings from Prudential for $85M\",\"datePublished\":\"2012-11-30T20:32:23+00:00\",\"dateModified\":\"2022-12-07T02:14:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\\\/\"},\"wordCount\":257,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/island-cemnter.jpg\",\"articleSection\":[\"News\",\"Tampa\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\\\/\",\"name\":\"Parmenter Realty Buys Two Tampa Office Buildings from Prudential for $85M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/island-cemnter.jpg\",\"datePublished\":\"2012-11-30T20:32:23+00:00\",\"dateModified\":\"2022-12-07T02:14:15+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9f6a1043b1429cf8ff129c75614caa73\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/island-cemnter.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/island-cemnter.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Parmenter Realty Buys Two Tampa Office Buildings from Prudential for $85M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9f6a1043b1429cf8ff129c75614caa73\",\"name\":\"Amalia Otet\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g\",\"caption\":\"Amalia Otet\"},\"description\":\"Amalia Otet leads publishing and content for Yardi products, where she turns real estate data and market trends into stories that inform and inspire. Outside of work, Amalia strives to live beautifully - one green step at a time.\",\"sameAs\":[\"Macchiato\"],\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/amaliaotet\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Parmenter Realty Buys Two Tampa Office Buildings from Prudential for $85M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/","og_locale":"en_US","og_type":"article","og_title":"Parmenter Realty Buys Two Tampa Office Buildings from Prudential for $85M","og_description":"Miami-based Parmenter Realty Partners added 494,813 square-feet of office space to its portfolio when it purchased two Class A office buildings on Rocky Point Island in Tampa, Fla. for $85 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-11-30T20:32:23+00:00","article_modified_time":"2022-12-07T02:14:15+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/island-cemnter.jpg?w=1024","width":1024,"height":1024,"type":"image\/jpeg"}],"author":"Amalia Otet","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/"},"author":{"name":"Amalia Otet","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9f6a1043b1429cf8ff129c75614caa73"},"headline":"Parmenter Realty Buys Two Tampa Office Buildings from Prudential for $85M","datePublished":"2012-11-30T20:32:23+00:00","dateModified":"2022-12-07T02:14:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/"},"wordCount":257,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/island-cemnter.jpg","articleSection":["News","Tampa"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/","url":"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/","name":"Parmenter Realty Buys Two Tampa Office Buildings from Prudential for $85M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/island-cemnter.jpg","datePublished":"2012-11-30T20:32:23+00:00","dateModified":"2022-12-07T02:14:15+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9f6a1043b1429cf8ff129c75614caa73"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/island-cemnter.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/island-cemnter.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/parmenter-realty-buys-two-tampa-office-buildings-from-prudential-for-85m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Parmenter Realty Buys Two Tampa Office Buildings from Prudential for $85M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9f6a1043b1429cf8ff129c75614caa73","name":"Amalia Otet","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g","caption":"Amalia Otet"},"description":"Amalia Otet leads publishing and content for Yardi products, where she turns real estate data and market trends into stories that inform and inspire. Outside of work, Amalia strives to live beautifully - one green step at a time.","sameAs":["Macchiato"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/amaliaotet\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/island-cemnter.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004053815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004053815"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004053815\/revisions"}],"predecessor-version":[{"id":1004624304,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004053815\/revisions\/1004624304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004506404"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004053815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004053815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004053815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}