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| 442 West Kennedy Boulevard, Tampa, FL |
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| Scott Wadler |
MIAMI, FL –– Holliday Fenoglio Fowler, L.P.
(HFF) announces the $6.75 million financing of 442 West Kennedy
Boulevard, a 37,400-square-foot mixed-use property in Tampa, Florida.
The HFF team worked on behalf of the borrower, a
joint venture between Tricera Capital and the Gianco Companies, to secure the
five-year, fixed-rate loan through JCR Capital. Loan proceeds were used
to acquire the property and fund future capital expenditure
items.
442 West Kennedy Boulevard is situated at the apex of West
Grand Central Avenue and Kennedy Boulevard just steps from the campus of the
University of Tampa, which is home to more than 7,000 students.
Its premier location west of downtown is adjacent to multiple new
residential developments, including Altis Grand Central and Manor
Riverside.
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| Preston Reid |
Overall Tampa is currently
undergoing a renaissance, transforming from a market dominated by old paradigm
Class A office buildings to a highly attractive area to live, work and play.
Originally built in 1925, 442 West Kennedy
Boulevard comprises 24,700 square feet of office space and 12,700 square feet
of retail space.
The building features two stories
of office space comprising of both local and regional tenants. Occupying the
majority of the ground floor is the fine dining restaurant, Mise En Place,
which has been in business at this location for more than 30 years and was
recently named the No. 1 Restaurant in Tampa Bay.
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| Mis en Place Restaurant, Tampa, FL |
“The Tampa Bay area has evolved over the past
several years into one of the most desirable cities in the country for real
estate investment,” Reid said. “As a Tampa native, it is exciting to see
sophisticated, well-capitalized investors like Tricera Capital buying into the
vision of Tampa as a top-performing metro.”
CONTACTS:
SCOTT WADLER
HFF Senior Director
(305) 448-1333
PRESTON REID
HFF Director
(813) 387-9900
KRISTEN MURPHY
HFF Director, Public Relations
(617) 848-1572
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