{"id":1004219850,"date":"2018-04-17T04:49:41","date_gmt":"2018-04-17T12:49:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004219850"},"modified":"2022-12-08T06:46:57","modified_gmt":"2022-12-08T14:46:57","slug":"steelbridge-sells-last-asset-in-fl-office-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/steelbridge-sells-last-asset-in-fl-office-park\/","title":{"rendered":"Steelbridge Sells Last Asset in FL Office Park"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004219856\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/311-Park-Place-Sale-Clearwater-FL.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004219856\" data-attachment-id=\"1004219856\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/steelbridge-sells-last-asset-in-fl-office-park\/311-park-place-sale-clearwater-fl\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/311-Park-Place-Sale-Clearwater-FL.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;3.3&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;DSC-WX100&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1367921628&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.45&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.0025&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"311 Park Place, Clearwater, Fla.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;311 Park Place, Clearwater, Fla. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/311-Park-Place-Sale-Clearwater-FL.jpg?w=800\" class=\"wp-image-1004219856 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/311-Park-Place-Sale-Clearwater-FL.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/311-Park-Place-Sale-Clearwater-FL.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/311-Park-Place-Sale-Clearwater-FL.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/311-Park-Place-Sale-Clearwater-FL.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004219856\" class=\"wp-caption-text\">311 Park Place, Clearwater, Fla.<\/p><\/div>\n<p>Steelbridge Capital has closed the sale of 311 Park Place, an office building within Park Place Office Park in Clearwater, Fla., marking the sale of the last asset in the campus. The firm acquired all four properties with a joint venture partner in 2015 as part of a portfolio purchase for $22 million. In 2016, Steelbridge sold the other three single-story buildings totaling 50,221 square feet, for $8 million.<\/p>\n<p>Since purchased, 311 Park Place has undergone $1 million in capital investments to the tenant spaces, common area upgrades and new signage. Currently 94 percent occupied, Johnson &amp; Johnson relocated to the building and is the second Fortune 100 company to join the tenant roster. Colliers International is handling leasing for the asset. According to Yardi Matrix, the building comprises 118,447 square feet across six stories. Constructed in 1985, the property features 403 parking spaces, 21,000-square-foot floor plates and two passenger elevators.<\/p>\n<p><em>\u201cThe timing for the sale coincided with strong market conditions and a stabilized asset thanks to our excellent leasing and management teams,&#8221;<\/em> said Mike Manno, managing principal of Steelbridge, in a prepared statement. <em>&#8220;We felt that we were at the peak of our investment performance at 311 Park Place, the best located and highest quality office property in Northern and Central Pinellas County, and it showed in the quality of the tenancy and investment offerings we attracted.&#8221;<\/em><\/p>\n<p>CBRE\u2019s Senior Vice President Dale Peterson, along with Senior Financial Analyst Zachary Eicholtz,\u00a0Vice President Amy Julian and\u00a0Transaction Manager Courtney Snell, represented Steelbridge in the transaction. The firm currently has <a href=\"https:\/\/www.commercialsearch.com\/news\/centerstate-expands-orlando-footprint\/\">office assets in Orlando<\/a>, Miami, Ft. Lauderdale, Naples, Ft. Myers, Texas and Chicago.<\/p>\n<p><em>Image courtesy of Steelbridge Capital\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm acquired all four properties in Park Place Office Park with a joint venture partner in 2015, as part of a portfolio purchase. In 2016, the company sold the other three single-story buildings.<\/p>\n","protected":false},"author":746,"featured_media":1004219856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21747,1612],"tags":[35048,32789,32763,35111],"class_list":["post-1004219850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-office","category-tampa","tag-amy-julian","tag-cbre","tag-colliers-international","tag-steelbridge-capital"],"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>Steelbridge Sells Last Asset in FL Office Park - 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\/steelbridge-sells-last-asset-in-fl-office-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steelbridge Sells Last Asset in FL Office Park\" \/>\n<meta property=\"og:description\" content=\"The firm acquired all four properties in Park Place Office Park with a joint venture partner in 2015, as part of a portfolio purchase. In 2016, the company sold the other three single-story buildings.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/steelbridge-sells-last-asset-in-fl-office-park\/\" \/>\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=\"2018-04-17T12:49:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T14:46:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/311-Park-Place-Sale-Clearwater-FL.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/steelbridge-sells-last-asset-in-fl-office-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/steelbridge-sells-last-asset-in-fl-office-park\/\",\"name\":\"Steelbridge Sells Last Asset in FL Office Park - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/steelbridge-sells-last-asset-in-fl-office-park\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/steelbridge-sells-last-asset-in-fl-office-park\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/311-Park-Place-Sale-Clearwater-FL.jpg\",\"datePublished\":\"2018-04-17T12:49:41+00:00\",\"dateModified\":\"2022-12-08T14:46:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/steelbridge-sells-last-asset-in-fl-office-park\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/steelbridge-sells-last-asset-in-fl-office-park\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/steelbridge-sells-last-asset-in-fl-office-park\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/311-Park-Place-Sale-Clearwater-FL.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/311-Park-Place-Sale-Clearwater-FL.jpg\",\"width\":800,\"height\":620,\"caption\":\"311 Park Place, Clearwater, Fla.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/steelbridge-sells-last-asset-in-fl-office-park\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Steelbridge Sells Last Asset in FL Office Park\"}]},{\"@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\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. 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