{"id":1004179434,"date":"2017-06-07T08:42:38","date_gmt":"2017-06-07T16:42:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004179434"},"modified":"2022-12-08T17:54:42","modified_gmt":"2022-12-09T01:54:42","slug":"dilweg-cos-snaps-up-tampa-office-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dilweg-cos-snaps-up-tampa-office-portfolio\/","title":{"rendered":"Dilweg Cos. Snaps Up Tampa Office Portfolio"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<p>HFF sold a Class A suburban office portfolio comprising seven buildings\u00a0in the Tampa, Fla., area for $101 million. The buyer, Dilweg Cos., worked with HFF to secure\u00a0$67.8 million in financing. The sellers,\u00a0Osprey East LLC and Osprey S.A. Ltd, also worked with HFF, partnering with the company&#8217;s investment sales team to seal the deal.<\/p>\n<p>On behalf of Dilweg Cos., HFF arranged a floating-rate mortgage, originated by Benefit Street Partners Realty Trust. Senior managing directors Hermen Rodriguez and Ryan Clutter led HFF&#8217;s advisory team, alongside Director Ike Ojala and Associate Directors Chris Lingerfelt and Tracey Goo, while Senior Managing Director Travis Anderson and Director Brent Bowman led debt placement, representing the buyer\/borrower.<\/p>\n<p>The properties included in the portfolio are:<\/p>\n<ul>\n<li>Tampa Oaks One at 12802 Tampa Oaks Blvd.<\/li>\n<li>Lakeview at Hidden River at 8875 Hidden River Parkway<\/li>\n<li>Palm Court at Hidden River at 8600 Hidden River Parkway<\/li>\n<li>WestLake Corporate Center I and II at 9119 and 9009 Corporate Lake Drive<\/li>\n<li>Orion Center at 3001 N. Rocky Point Drive East<\/li>\n<li>9000 Town Center Parkway in the Lakewood Ranch submarket<\/li>\n<\/ul>\n<p>Completed between 1987 and 2000, the 698,100-square-foot portfolio is currently 74 percent leased to a variety of tenants, with no single tenant occupying more than 11 percent of rentable space. The acquisition of the Tampa-area portfolio follows the Dilweg Cos.\u2019s recent <a href=\"https:\/\/www.commercialsearch.com\/news\/dilweg-cos-buys-big-in-fl-nc\/\">expansion in Florida<\/a>\u00a0by purchasing the Class A, 245,293-square-foot Sarasota City Center in April.<\/p>\n<p><em>\u201cWith this purchase, Dilweg is acquiring a high-quality office portfolio in the dynamic greater Tampa market,\u201d<\/em> said Rodriguez, in prepared remarks. <em>\u201cGiven the strong rent growth and solid fundamentals in the broader Southeast, the region continues to be very favorable to investors,\u201d<\/em> added Clutter.<\/p>\n<p><em>Images courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF marketed the assets on behalf of the seller and assisted the buyer in placing the floating-rate acquisition financing originated by a public real estate investment trust.<\/p>\n","protected":false},"author":240,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,21742,21747,1612],"tags":[34951,35027,32792,34952,34947,34946,34950],"class_list":["post-1004179434","post","type-post","status-publish","format-standard","hentry","category-deals","category-finance","category-investment","category-latest","category-office","category-tampa","tag-brent-bowman","tag-hermen-rodriguez","tag-hff","tag-osprey","tag-ryan-clutter","tag-the-dilweg-companies","tag-travis-anderson"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dilweg Cos. 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