JLL closes $29.4 million sale and $20.4 million financing of Fountain Square II in Tampa, FL

Fountain Square II, a Class A office building totaling 133,887 SF at  4925 Independence Parkway, Westshore Office submarket,
Tampa, FL

MIAMI, FL – JLL announces that it has closed the $29.4 million sale and $20.4 million financing of Fountain Square II, a Class A office building totaling 133,887 square feet in the Westshore Office submarket of Tampa, Florida.

Rebecca VanReken

JLL represented the seller, Equus Capital Partners, Ltd., and procured the buyer, a joint venture of Owens Realty Capital and Galium Capital, for the acquisition of the property. 

                  Ike Ojala

Working on behalf of the partnership, JLL also arranged a seven-year, fixed-rate acquisition loan through TD Bank.

Fountain Square II is located at 4925 Independence Parkway adjacent to Veteran’s Expressway in the amenity rich Westshore Office submarket of Tampa. 

The property is proximate to Tampa’s northwestern residential cities, including Town N’ Country, Citrus Park, Carrolwood and Northdale, and is within 15 to 30 minutes of both Tampa and St. Petersburg’s central business districts and only five minutes from Tampa International Airport. 

Recently renovated in 2018, the four-story office asset features a fitness center, management office and a café with outdoor seating area. Tenants at the 93.1%-leased building include CarePlus, ConnectWise and the U.S Government.

Hermen Rodriguez

The JLL Capital Markets team representing the seller was led by Senior Director Ike Ojala and Senior Managing Director Hermen Rodriguez.

“Fountain Square II attracted broad investor interest thanks to its sought-after Westshore location, high-quality tenancy and complete onsite amenity package that includes structured parking, café and fitness center,” Ojala said.

JLL’s Capital Markets team representing the borrower included Managing Director Rebecca VanReken.

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Deal secured by Holliday GP Corp. (“HFF”) prior to being acquired by JLL on July 1, 2019.  Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.

Contacts: 

Ike Ojala, JLL Senior Director

Florida License No: BK665573

Phone: +1 305 448 1333

Email: Ike.Ojala@am.jll.com

 Rebecca VanReken, JLL Managing Director    

Florida License No:  SL3425135

Phone: +1 407 745 3900

Email: Rebecca.VanReken@am.jll.com

 Kristen Murphy, JLL Director, Public Relations

Phone: +1 617 338 0990

Email: Kristen.Murphy@am.jll.com

https://equuspartners.com. 
galiumcapital.com.
 jll.com.