{"id":1004205148,"date":"2018-01-29T07:15:25","date_gmt":"2018-01-29T15:15:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004205148"},"modified":"2022-12-07T10:00:44","modified_gmt":"2022-12-07T18:00:44","slug":"tampa-office-park-trades-for-17m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/","title":{"rendered":"Tampa Office Park Trades for $20M"},"content":{"rendered":"

By Timea Papp<\/p>\n

\"Bay<\/a>

Bay West<\/p><\/div>\n

Cushman & Wakefield has brokered the $20.3 million sale of Bay West, a 195,558-square-foot office campus in the Westshore Business District of Tampa, Fla. Equus Capital Partners sold the asset to RealOp Investments, and the new owner has retained Cushman & Wakefield as the exclusive leasing advisor for the property.<\/p>\n

Wells Fargo Bank provided $17.1 million in acquisition financing to facilitate the transaction, according to Yardi Matrix. Located at 5660-5840 W. Cypress St., Bay West encompasses eight garden-style office buildings completed between 1983 and 1985. Amenities at the office park include on-site management and maintenance services, cafeterias and a surface parking ratio of 3.6 spaces per 1,000 square feet.<\/p>\n

Capital improvements<\/h2>\n

Bay West underwent a $2 million renovation program under previous ownership and is currently 95 percent leased. Notable tenants include Fidelity National Title, GEICO and Beef \u2018O\u2019 Brady\u2019s.<\/p>\n

The Capital Markets team<\/a> of Vice Chairman Mike Davis, Executive Directors Rick Brugge and Michael Lerner represented the\u00a0seller in the transaction. RealOp Investments selected Senior Director Paula Buffa and Director Lauren Coup to spearhead leasing efforts at the property.<\/p>\n

\u201cBecause of its strategic location in the heart of Tampa\u2019s Westshore Business District, Bay West is well-positioned for continued high occupancy and rent growth,\u201d<\/em> Brugge said in a prepared statement. \u201cThe property is also strengthened by its diverse tenant roster and a general lack of competitive new construction in the Tampa Bay MSA.\u201d<\/em><\/p>\n

Adjacent to the waterfront Cypress Point Park, Bay West is within minutes of Westshore Plaza, Nordstrom International Plaza and Tampa International Airport. The location provides access to the Veterans Expressway, Interstate 275 and both the Howard Frankland Bridge and the Courtney Campbell Causeway, which connect the city to St. Petersburg and Clearwater, respectively.<\/p>\n

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

The Cushman & Wakefield team of Mike Davis, Rick Brugge and Michael Lerner represented the seller in the transaction. The new owner selected the firm as the exclusive leasing agent for the property.<\/p>\n","protected":false},"author":240,"featured_media":1004205151,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21825,21783,21742,21747,1612],"tags":[32799,33346,38968,33215],"class_list":["post-1004205148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-finance","category-investment","category-latest","category-office","category-tampa","tag-cushman-wakefield","tag-equus-capital-partners","tag-realop-investments","tag-wells-fargo-bank"],"acf":[],"yoast_head":"\nTampa Office Park Trades for $20M - 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\/tampa-office-park-trades-for-17m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tampa Office Park Trades for $20M\" \/>\n<meta property=\"og:description\" content=\"The Cushman & Wakefield team of Mike Davis, Rick Brugge and Michael Lerner represented the seller in the transaction. The new owner selected the firm as the exclusive leasing agent for the property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/\" \/>\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=\"2018-01-29T15:15:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T18:00:44+00:00\" \/>\n<meta name=\"author\" content=\"Timea-Erika Papp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bay-West.jpg\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/\",\"name\":\"Tampa Office Park Trades for $20M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bay-West.jpg\",\"datePublished\":\"2018-01-29T15:15:25+00:00\",\"dateModified\":\"2022-12-07T18:00:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bay-West.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bay-West.jpg\",\"width\":2933,\"height\":2200,\"caption\":\"Bay West\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tampa Office Park Trades for $20M\"}]},{\"@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\/f58a713dcbdcb5aab2648af2aa04d6ae\",\"name\":\"Timea-Erika Papp\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g\",\"caption\":\"Timea-Erika Papp\"},\"description\":\"Timea is a senior writer covering CRE marketing, tech and real estate trends, as well as industry news in the U.S. Timea was previously a senior associate editor at Multi-Housing News and Commercial Property Executive and has an academic background in law. She has been working in the real estate industry since 2011.\",\"sameAs\":[\"timea-erika.papp@cpe-mhn.com\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/timeaerikapapp\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tampa Office Park Trades for $20M - 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\/tampa-office-park-trades-for-17m\/","og_locale":"en_US","og_type":"article","og_title":"Tampa Office Park Trades for $20M","og_description":"The Cushman & Wakefield team of Mike Davis, Rick Brugge and Michael Lerner represented the seller in the transaction. The new owner selected the firm as the exclusive leasing agent for the property.","og_url":"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-01-29T15:15:25+00:00","article_modified_time":"2022-12-07T18:00:44+00:00","author":"Timea-Erika Papp","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bay-West.jpg","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/","url":"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/","name":"Tampa Office Park Trades for $20M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bay-West.jpg","datePublished":"2018-01-29T15:15:25+00:00","dateModified":"2022-12-07T18:00:44+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bay-West.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bay-West.jpg","width":2933,"height":2200,"caption":"Bay West"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/tampa-office-park-trades-for-17m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Tampa Office Park Trades for $20M"}]},{"@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\/f58a713dcbdcb5aab2648af2aa04d6ae","name":"Timea-Erika Papp","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g","caption":"Timea-Erika Papp"},"description":"Timea is a senior writer covering CRE marketing, tech and real estate trends, as well as industry news in the U.S. Timea was previously a senior associate editor at Multi-Housing News and Commercial Property Executive and has an academic background in law. She has been working in the real estate industry since 2011.","sameAs":["timea-erika.papp@cpe-mhn.com"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/timeaerikapapp\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bay-West.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004205148","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\/240"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004205148"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004205148\/revisions"}],"predecessor-version":[{"id":1004612066,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004205148\/revisions\/1004612066"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004205151"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004205148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004205148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004205148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}