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| Armando Rodriguez |
TAMPA, FL,
June 30, 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 SkyPoint
Retail, a 9,907-square foot retail property located in Tampa, Fla.,
according to Richard D. Matricaria, regional manager of the firm’s Tampa
office.
The asset
sold for $2,700,000.
Armando Rodriguez, associate, and James Medefind, senior associate, in Marcus & Millichap’s Tampa
office, had the exclusive listing to market the property on behalf of the
seller.
The buyer was secured and
represented by Casey Babb, CCIM and
vice president investments, in Marcus & Millichap’s Tampa office.
SkyPoint
Retail is comprised of five ground floor retail units in the most exclusive
residential high-rise in downtown Tampa, Skypoint, located at 777 North Ashley
Drive.
 |
| James Medefind |
Skypoint is
a 33-story residential tower built in 2007 which houses 380 residential condos;
often selling for the highest price per foot in the region.
Within the next
five years, two additional residential towers will be constructed within two
blocks of Skypoint, effectively doubling the residential population base with
in this dense cityscape to keep up with existing demand.
In addition to the residential population in
downtown Tampa, it is also home to the largest business and financial district
in Tampa Bay with a major presence of Fortune 500 companies, including Bank of
America, PNC, Wells Fargo and Verizon.
Within walking distance is the Tampa Convention
Center, Amelia Arena, Tampa Port and Channelside.
“It’s the
highest price per foot we’ve seen in downtown Tampa for retail space,” says
Medefind.
“We were successful in
bringing a large diverse population of buyers, both local and from out of the
area,” he said, “and all were very, very aggressive buyers when it came to
price and wanting to invest in downtown Tampa.”
“The city of
Tampa has done an excellent job over the past five years reinvesting in its
downtown waterfront park system, new riverwalk, museums, etc.,” adds Casey
Babb, CCIM, “and the buyer recognized the opportunity to buy-in at the
forefront of what looks like it will be a huge explosion of new development in
the coming years. To be able to obtain a
trophy real estate asset in an emerging market like downtown Tampa was a no
brainer.”
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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