{"id":1004293256,"date":"2019-01-21T09:40:54","date_gmt":"2019-01-21T17:40:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004293256"},"modified":"2019-01-21T09:40:54","modified_gmt":"2019-01-21T17:40:54","slug":"ally-capital-group-acquires-tampa-office-complex","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ally-capital-group-acquires-tampa-office-complex\/","title":{"rendered":"Ally Capital Group Acquires Tampa Office Complex"},"content":{"rendered":"<div id=\"attachment_1004293259\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/AustinCenter-e1548083099722.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004293259\" data-attachment-id=\"1004293259\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ally-capital-group-acquires-tampa-office-complex\/2205-north-20th-street\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/AustinCenter-e1548083099722.jpg\" data-orig-size=\"907,680\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;Paul Ciura for Franklin Street&quot;,&quot;camera&quot;:&quot;ILCE-7M2&quot;,&quot;caption&quot;:&quot;Stantec Building&quot;,&quot;created_timestamp&quot;:&quot;1467925108&quot;,&quot;copyright&quot;:&quot;All Rights Reserved \\u00a9 2016&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.005&quot;,&quot;title&quot;:&quot;2205 North 20th Street&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"2205 North 20th Street\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Austin Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/AustinCenter-e1548083099722.jpg?w=907\" class=\"wp-image-1004293259 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/AustinCenter-e1548083099722.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/AustinCenter-e1548083099722.jpg 907w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/AustinCenter-e1548083099722.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/AustinCenter-e1548083099722.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004293259\" class=\"wp-caption-text\">Austin Center<\/p><\/div>\n<p>Ally Capital Group has acquired Austin Center, a 299,000-square-foot office complex in Tampa, Fla., from RS Westshore LLC, an affiliate of Redstone. The deal marks just the second time the complex has traded since its completion in 1975.<\/p>\n<p>Located at 1111, 1211, 1311, 1401 and 1411 N. Westshore Blvd., the five-building office campus sits on 10.4 acres in the Westshore neighborhood. The complex is situated adjacent to International Plaza Mall and Tampa International Airport, and provides easy access to Interstate 275, Veterans Expressway and State Road 60.<\/p>\n<p>Ben Miller and Casey Siggins of Franklin Street Capital Advisors arranged financing for the deal through Valley Bank\u2019s Tampa location. ACG has tapped Tampa-based Franklin Street to lease, manage and provide insurance for Austin Center.<\/p>\n<p><em>\u201cThis acquisition presented us with a rare opportunity to acquire a prime property located in Tampa\u2019s premier office submarket,\u201d<\/em> said Matt Chadwick, director of ACG, in prepared remarks. <em>\u201cWe plan to make significant capital improvements in the first two years and reposition Austin Center\u2019s profile as a prime workplace address in the heart of the Westshore District.\u201d<\/em><\/p>\n<p>Despite a significant slowdown in development and investment, <a href=\"https:\/\/www.commercialsearch.com\/news\/slow-but-steady-growth-in-tampa\/\">Tampa\u2019s office market fundamentals<\/a> have remained healthy in recent quarters, boosted by a steady rise in office-using employment.<\/p>\n<p><em>Image courtesy of Ally Capital Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 299,000-square-foot Austin Center, an office campus in the Westshore submarket, was completed in 1975. The seller was an affiliate of Redstone.<\/p>\n","protected":false},"author":745,"featured_media":1004293259,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,1612],"tags":[43787,43793,43790],"class_list":["post-1004293256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-tampa","tag-ally-capital-group","tag-franklin-street-capital-advisors","tag-redstone"],"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>Ally Capital Group Acquires Tampa Office Complex - 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\/ally-capital-group-acquires-tampa-office-complex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ally Capital Group Acquires Tampa Office Complex\" \/>\n<meta property=\"og:description\" content=\"The 299,000-square-foot Austin Center, an office campus in the Westshore submarket, was completed in 1975. The seller was an affiliate of Redstone.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ally-capital-group-acquires-tampa-office-complex\/\" \/>\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=\"2019-01-21T17:40:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/AustinCenter-e1548083099722.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"907\" \/>\n\t<meta property=\"og:image:height\" content=\"680\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\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\/ally-capital-group-acquires-tampa-office-complex\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ally-capital-group-acquires-tampa-office-complex\/\",\"name\":\"Ally Capital Group Acquires Tampa Office Complex - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ally-capital-group-acquires-tampa-office-complex\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ally-capital-group-acquires-tampa-office-complex\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/AustinCenter-e1548083099722.jpg\",\"datePublished\":\"2019-01-21T17:40:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ally-capital-group-acquires-tampa-office-complex\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/ally-capital-group-acquires-tampa-office-complex\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ally-capital-group-acquires-tampa-office-complex\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/AustinCenter-e1548083099722.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/AustinCenter-e1548083099722.jpg\",\"width\":907,\"height\":680,\"caption\":\"Austin Center\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ally-capital-group-acquires-tampa-office-complex\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ally Capital Group Acquires Tampa Office Complex\"}]},{\"@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\/9259ffaba4775229ae3556b9555e566d\",\"name\":\"Holly Dutton\",\"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\/Holly-D-Dutton-e1622041566670.png?w=75\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"caption\":\"Holly Dutton\"},\"description\":\"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. 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