 |
| John Rotunno |
The facility, located at 702 Tillman Place in Plant
City, Florida, serves as the company’s regional operations center.
The seller, represented by John Rotunno of
Stan Johnson Company, was a Florida-based private investor. A national REIT
purchased the asset for $1.7 million.
“The seller was looking to diversify into new sectors,” said Rotunno, Associate Director in Stan Johnson Company’s
New York office.
“Despite uncertainty in the office market and less
than five years remaining on the lease, we were able to generate interest
through a broad marketing effort and close on the sale with a quality buyer.”
 |
| 702 Tillman Place office building, Plant City, FL |
Irby Construction is a leading electrical contractor in power line construction. The company builds transmission and distribution systems as well as substations.
In early
2020, they relocated regional operations to the Plant City facility from two
smaller office locations and signed a five-year net lease.
The property, originally constructed in 1995, is situated on more than 1.9 acres just 30 minutes east of downtown Tampa.
CONTACT:
David Ebeling
Ebeling Communications
949.861.8351
949.278.7851 (Cell)
Member of the National Association of Real
Estate Editors (NAREE)
“PR Strategist for the Commercial Real
Estate Industry: I do what I love and love what I do.”
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