Monday, August 16, 2010

Marcus & Millichap Sells 2.5 Acre Parcel of Development Land in Tampa

TAMPA, F – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the University of Tampa Land Development Opportunity, a 2.5 acre Land property located in Tampa, FL, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $4,000,000.

Paul Bouldin (top right photo) , Marcus & Millichap’s Southeastern Land & Development Specialist, led Dorothy Jackman (top left photo) , Travis Prince (middle right photo) , and Jeffrey Meyer in the transaction for the Tampa office.

They were engaged as the exclusive agent to market the property on behalf of the seller, a single purpose LLC under the direction of a publicly traded Midwestern company.

The buyer, Florida Health Sciences Center, Inc., was represented by DeLaVergne & Company, a longtime Tampa area commercial real estate advisory and brokerage services firm.

The property is located at 722 West Kennedy Boulevard. The site is suitable for a number of residential and commercial uses. The buyer has made other acquisitions in the area, but did not disclose any immediate plans or intended uses.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

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