Marcus & Millichap Arranges Sale of Two Flex Properties in Tampa, FL for $15.06M

TAMPA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of President’s Plaza and Corporex Plaza, (top right photo) totaling 135,818 square feet, in Tampa. The sales price was $15.06 million.

Douglas K. Mandel, (photo at left) an associate vice president investments and associate director of Marcus & Millichap’s National Office and Industrial Properties Group (NOIPG) in Fort Lauderdale, and Ben Holzhauer, (photo at bottom right) a senior associate and a member of the firm’s NOIPG in Fort Lauderdale, represented the seller, an affiliate of The Leder Group.

Bruce Harris, a vice president of investments in the firm’s Chicago office, represented the buyer, a New Jersey-based private partnership.

“This was an excellent opportunity for the buyer to acquire two well-maintained multi-tenant flex properties located in a high-demand market and close to an international airport, downtown areas and interstates,” says Mandel.

The two properties include:

· President’s Plaza — Located at 4801 and 4803 George Road, Tampa, the 41,513-square foot office property consists of two single-story buildings situated on a 3.96-acre lot within one mile of the Tampa International Airport.

· Corporex Plaza — Located at 3902 and 3904 Corporex Park Drive, Tampa, the 94,305-square foot property consists of three office buildings situated on a 6.55-acre lot, near Interstate 4, I-75 and the Selmon Crosstown Expressway.

Press contact: Stacey Corso, Communications Department, 925 953 1716