Cushman & Wakefield Negotiates Sale of University Park in Tampa, FL for $12M

TAMPA,, FL – Mar. 9, 2010 – 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% occupied at the time of sale.

Mike Davis, (top right photo)  Executive Director of C&W’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 (Executive Director, Capital Markets) and Rick Brugge (bottom left photo), CCIM (Associate Director, Capital Markets) of C&W negotiated the sale on behalf of the seller, Arthur Hill & Company. The buyer was ESJ Capital Partners.

Contact: Marcianne Foster, 813-204-5345, Marcianne.Foster@cushwake.com