{"id":1004153451,"date":"2016-09-26T06:20:59","date_gmt":"2016-09-26T14:20:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004153451"},"modified":"2022-03-04T14:02:55","modified_gmt":"2022-03-04T22:02:55","slug":"cw-closes-27m-deal-in-tampa-business-district","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cw-closes-27m-deal-in-tampa-business-district\/","title":{"rendered":"C&W Closes $27M Deal in Tampa Business District"},"content":{"rendered":"

By Robert Demeter<\/em><\/p>\n

\"TriPointe<\/a>

TriPointe Plaza, Tampa, Fla.<\/p><\/div>\n

Tampa, Fla.<\/strong>\u2014Cushman & Wakefield<\/a> has negotiated the sale of TriPointe Plaza, a 71,660-square-foot, mixed-use development in Tampa<\/a>\u2019s Westshore submarket. Tampa-based Cardinal Point Management<\/a>\u00a0acquired the asset for $27. 3 million ($444 per square foot). The property\u00a0was sold by RR Tampa LLC and Site Harvest LLC.<\/p>\n

The Capital Markets brokerage team of Senior Directors Rick Brugge and Michael Lerner, as well as Executive Director Mike Davis represented the sellers, along with Cushman & Wakefield Senior Directors Patrick Berman and Paula Buffa, together with Managing Director Jason Donald.<\/p>\n

TriPointe Plaza is a 4-story, Class A suburban office building consisting of a structured parking garage with in-line retail space on the ground floor as well as a stand-alone restaurant.<\/p>\n

The property is located at 4410 and 4448 W. Boy Scout Blvd., south of the International Plaza Mall and Tampa International Airport, with frontage and prime visibility on Boy Scout Boulevard.<\/p>\n

\u201cWe saw tremendous investor interest in the asset driven by its prominent location, credit tenancy, superior quality and high occupancy,\u201d said Brugge in prepared remarks. “Additionally, the property offered the opportunity to add a high-end rooftop restaurant on site. Because of its unique characteristics, TriPointe Plaza closed at one of the highest per square foot prices of any Tampa Bay asset,” he added.<\/p>\n

TriPointe Plaza was 95.7 percent leased at the time of sale. Notable tenants include Synovus Bank, BNY Mellon, Sharp, TD Ameritrade and Darden Restaurants. The building was 2014 BOMA Office Building of the Year.<\/p>\n

Photo courtesy of Cushman & Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The company represented RR Tampa and Site Harvest in the disposition of TriPointe Plaza.<\/p>\n","protected":false},"author":59,"featured_media":1004153473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,21752,21742,1612],"tags":[],"class_list":["post-1004153451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-mixed-use","category-latest","category-tampa"],"acf":[],"yoast_head":"\nC&W Closes $27M Deal in Tampa Business District - 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\/cw-closes-27m-deal-in-tampa-business-district\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"C&W Closes $27M Deal in Tampa Business District\" \/>\n<meta property=\"og:description\" content=\"The company represented RR Tampa and Site Harvest in the disposition of TriPointe Plaza.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cw-closes-27m-deal-in-tampa-business-district\/\" \/>\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=\"2016-09-26T14:20:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T22:02:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/1474577228_SHARP.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"335\" \/>\n\t<meta property=\"og:image:height\" content=\"240\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Robert Demeter\" \/>\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\\\/cw-closes-27m-deal-in-tampa-business-district\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cw-closes-27m-deal-in-tampa-business-district\\\/\"},\"author\":{\"name\":\"Robert Demeter\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b890baecdbd25af52e3a730ac8cff6f\"},\"headline\":\"C&W Closes $27M Deal in Tampa Business District\",\"datePublished\":\"2016-09-26T14:20:59+00:00\",\"dateModified\":\"2022-03-04T22:02:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cw-closes-27m-deal-in-tampa-business-district\\\/\"},\"wordCount\":270,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cw-closes-27m-deal-in-tampa-business-district\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/09\\\/1474577228_SHARP.jpg\",\"articleSection\":[\"Deals\",\"Finance\",\"Investment\",\"Mixed Use\",\"News\",\"Tampa\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cw-closes-27m-deal-in-tampa-business-district\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cw-closes-27m-deal-in-tampa-business-district\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cw-closes-27m-deal-in-tampa-business-district\\\/\",\"name\":\"C&W Closes $27M Deal in Tampa Business District - 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