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| Krone Weidler |
LAKELAND, FL, Feb. 10,
2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate
investment services firm with offices throughout the United States and Canada,
announced the sale of Parkway
Professional Center, a 40,000-square foot medical and professional office
building located in Lakeland, Florida, according to Richard D. Matricaria,
regional manager of the firm’s Tampa office. The asset sold for $6,750,000.
L.J. Tsunis,
associate, and Krone Weidler, vice
president investments, both in Marcus & Millichap’s Tampa office, had the
exclusive listing to market the property on behalf of the seller, a limited
liability company. The buyer, a REIT, was
secured and represented by Kimberly Cameron, an associate in the firm’s
Nashville office.
Parkway Professional
Center is located at 4725 U.S. Highway 98 South in Lakeland, Florida. Constructed
in 2009, Parkway Professional Center sits on an approximately 2.68 acre parcel
with ingress and egress to the property located on the southbound side of U.S.
Highway 98. The property is approximately one mile south of the Polk Parkway
allowing easy access to Tampa and Orlando.
“We had tremendous
interest in this asset from investors all across the country and were able to
put the property in contract in under 30 days,” says Tsunis. “Investors,
particularly REITs, are looking for Class A quality medical office buildings
that are close to a hospital or have hospital affiliated tenants.”
For a complete copy of the company’s news release,
please contact:
Richard D. Matricaria
Vice President/Regional
Manager
Tampa, FL
(813) 387-4700
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