City Office Snags $76M Office Portfolio in Florida
By
Carillon Point, Tampa
Orlando & Tampa—City Office REIT Inc.’s recently acquired office portfolio consists of the Research Park Collection, a five-building office park in Orlando, and Carillon Point, a 124,187-square-foot office building in Tampa Bay. The company purchased the Orlando asset for $49.8 million and paid $26.3 million for the Tampa property.
The Research Park Collection is situated on a 10-acre land parcel within the Central Florida Research Park, the fourth largest research park in the United States. It’s five buildings total 272,192 rentable square feet and are 93 percent leased to a strong and diversified tenant roster, including various military entities and defense contractors. The major conditions for the acquisition have been satisfied, and the transaction is anticipated to close in mid-July 2016…
