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| Rendering of Planned TriPointe Plaza Office and Retail, 4488 Boy Scout Boulevard Westshore District, Tampa, FL |
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| Chris Drew |
MIAMI, FL –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged $29.5 million in
financing for TriPointe Plaza, a
71,721-square-foot, Class A office and retail mixed-use property in Tampa,
Florida.
HFF worked on behalf of
the borrower, Cardinal Point Management to secure the five-year, fixed-rate loan
through a national life insurance company.
Initial loan proceeds were used to acquire the property with the future
proceeds going to fund the construction and interior build-out of a rooftop
restaurant/lounge area.
TriPointe Plaza is located
at 4488 Boy Scout Boulevard in the Westshore District of Tampa, just south of
International Plaza Mall and Tampa International Airport.
This location has frontage and visibility
along Boy Scout Boulevard, which boasts a traffic count of more than 50,000
vehicles per day.
Completed in 2008, the
property consists of a four-story Class A office building with a 374-space
structured parking garage plus 15,005 square feet of in-line retail space on
the ground floor and a freestanding 10,008-square-foot Eddie V’s Prime Seafood
& Steaks restaurant constructed in 2013.
The 90-percent-leased office component is
anchored by a drive-through Synovus Bank branch, BNY Mellon, TD Ameritrade and
Sharp Electronics.
Additionally, the
borrower has plans to construct a 10,500-square-foot rooftop restaurant/bar
space on the top level of the parking garage that will boast panoramic views of
Tampa Bay, Westshore and Downtown Tampa.
Upon acquisition, Cardinal
Point Management will begin a leasing campaign to identify a restaurant/lounge
concept for this space.
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| Westshore Business District, Tampa, FL |
The HFF debt placement
team representing the borrower was led by managing director Chris Drew and associate director Brian Gaswirth.
HFF’s debt placement group
recorded $18.031 billion in 604 closed transactions through the first half of
2016, an increase of 2.1 percent from first half 2015.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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