Saturday, October 11, 2008

GVA Advantis Retained by Tower Realty Partners to Lease Palm Lake at Tampa Palms, FL

TAMPA, FL-– GVA Advantis has been retained by Tower Realty Partners, Inc. to exclusively lease Palm Lake at Tampa Palms,(top right photo) an 85,820-square foot class A office building in Tampa, Hillsborough County, Florida.

The property will be exclusively represented by Paula Buffa, (bottom left photo) CCIM, RPA, senior director of office services with GVA Advantis.

“We are extremely pleased to represent Tower Realty in the leasing of yet another property,” says Buffa. “Palm Lake is located in a high growth area and is extremely accessible from all directions—it’s in a prime location for any tenant.”

Palm Lake at Tampa Palms is a three-story, multi-tenanted building located in the northeast Tampa submarket. Located at 15310 Amberly Drive, the property is situated in the I-75 Corridor just 2.5 miles south of the intersection of I-75 and Bruce B. Downs Boulevard (C.R. 581).
In addition to Palm Lake at Tampa Palms, GVA Advantis exclusively handles the leasing of two portfolios on behalf of Tower Realty Partners, Inc.

These properties include the 107,540-square foot, six-building portfolio at Airport Corporate Center in the Westshore submarket of Tampa, and the 125,000-square foot, eight-building portfolio at Bay Tec Center in the Pinellas Gateway submarket of St. Petersburg.

Media Contact: Lisa Hyde GVA Advantis, 813.342.4752. 3000 Bayport Drive, Suite 100.

Cambridge Provides $8.9M Conventional Loan to Fund Harlee Manor in Springfield, PA

CHICAGO, IL--Cambridge Realty Capital Companies has provided a five-year $8.9 million conventional first mortgage loan to refinance Harlee Manor (top right photo) , a 169-bed assisted living and skilled nursing facility in Springfield, PA.

Cambridge Chairman Jeffrey A. Davis (top left photo) said the five-year loan was provided with cash-out for the property’s owner, Hardie Beloff of the Sproul Manor Partnership of Springfield.

The loan was amortized over 30 years with an interest rate of 6.75 percent.

Contact: Evan Washington, Phone: (312) 521-7603. Fax: (312) 357-1611. E-Mail: