Tuesday, January 27, 2015

Marcus & Millichap Brokers Sale of Graham Bottling Works Factory Lofts in Tampa, FL for $375,000



Graham Bottling Works Factory Lofts, 3106 North Jefferson Street, Tampa, FL

Casey Babb
 TAMPA, FL,  Jan.  27, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Graham Bottling Works Factory Lofts, a 20-unit apartment property located in Tampa, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

The asset sold for $375,000.

Luis Baez, senior associate, and Casey Babb, CCIM and vice president investments in Marcus & Millichap’s Tampa office, represented both parties in this transaction, 

Graham Bottling Works Factory Lofts is located at 3106 North Jefferson Street in Tampa, Fla.  This is an adaptive reuse of a historic 22,000-square foot former orange juice factory into between 12-16 residential lofts.

Luis Baez
 This unique residential development offering provides an exciting opportunity to remake a small piece of Tampa’s history, into a new and exciting loft project with numerous development incentives and rebates for improvements if the building is awarded a historic preservation designation.

“Tampa Heights and Seminole Heights are experiencing a rebirth of sorts which makes sense given their proximity to Tampa’s urban core,” says Babb. 

“This project is one of a handful of residential adaptive-reuse projects announced recently which signals that developers sense a growing demand for these infill submarkets, and are now willing to invest fresh capital into these neighborhoods.”

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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