University Park Sold for $12 Million
9 Mar, 2010, Tampa
Cushman & Wakefield has successfully negotiated the sale of University Park, located in Tampa, Florida near the University of South Florida, for $12 million.
University Park includes three single story garden office buildings totaling 99,234 square feet. The Property was 100 percent occupied at the time of sale.
Mike Davis, Executive Director of Cushman & Wakefield's Southeast Capital Markets Group, was quoted as saying, "The sale of University Park validates Florida's continued interest to investors and the University market's appeal to medical and related office tenants."
Mike Davis and Rick Brugge, CCIM, Associate Director, Capital Markets, negotiated the sale on behalf of the seller, Arthur Hill & Company. The buyer was ESJ Capital Partners.