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| Aerial Rendering of Cory Lake Professional Center, Tampa, FL |
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| Lisa Hyde Ferich |
TAMPA, FL –– Osceola
Partners has negotiated the recent sale of Cory
Lake Professional Center in Tampa, Hillsborough County, Florida for
$8,450,000.00. This sale price
represents an increase of 206 % over the $4,100,000 sale price from 33 months
earlier.
Michael Winters, Sheriar Khorsandian, CCIM and Lisa
Hyde Ferich of Osceola Partners, LLC exclusively represented the seller,
Sarasota-based CLPC, LLC, in a transaction that was under contract for only 30
days before closing.
During the 33 of months of
CLPC LLC’s ownership, Osceola Partners brought the occupancy of the property
from 70.57% leased in December 2013 to 90.76% leased at the time of the sale.
Osceola Partners will continue to exclusively lease and manage the property
under the new ownership, CLPC II, LLC, a Tampa-based private investor.
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| Michael Winters |
“This property is located in an area that has experienced explosive growth over the last five years,” says Michael Winters, President and CEO of Osceola Partners.
“We continue to see development of single-family
homes, townhomes, apartments followed by intensive commercial, retail and
supporting services development.
"Cory Lake Professional Center is in a perfect
area to service the almost 24,000 households in the immediate area.”
Cory Lake Professional
Center is a 78,182 square foot suburban office and specialty retail complex
located in the New Tampa community of Tampa, Florida.
It consists of eight
single-story buildings built on ±6.2 acres with office, medical and specialty
retail tenant users. The property is close to several of Tampa Bay’s major
roads and interstates including I-75, I-275, SR-56 and Bruce B. Downs
Boulevard, drawing clients and customers from both Hillsborough and Pasco
County.
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| Sheriar Khorsandian |
Osceola Partners is a
boutique commercial real estate services firm headquartered in Tampa, Florida
that specializes in commercial real estate brokerage and property management,
and has been named among the top veteran-owned businesses in both 2016 and 2014
by the Tampa Bay Business Journal.
Osceola Partners provides landlord, owner and
tenant representation services in leasing, selling and site selection of
commercial property throughout Central Florida.
The principal brokers of the firm have handled
several hundred million dollars in lease and sales transactions during their
careers. Prior to starting Osceola, the firm’s founder managed a commercial
real estate portfolio with a value exceeding $1 Billion.
For more information about Osceola Partners,
visit www.OsceolaPartners.com.
For a
complete copy of the company’s news release, please contact:
LISA HYDE FERICH
Senior Vice President
Osceola Partners LLC
Licensed Real Estate
Broker
3314 Henderson Boulevard,
Suite 106
Tampa, Florida 33609
T: 813.532.8142
F: 813.347.9111
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