Commercial Real Estate Center – Recent Sales #2

Rocky Point office buildings sell for $85.5M

Rocky Point office buildings Island Center and Waterford Plaza have sold for $85.5 million.

The two Class-A, 12-story buildings total 494,813 square feet.

“The capital markets again view Tampa positively from a long-term investment perspective,” Mike Davis, executive director of Cushman & Wakefield’s Southeast Capital Markets Group, said in a statement. “Accordingly, well-positioned core assets are in high demand.”

Davis described the sales price as reasonable, “not crazy [high] and not a low number, about what we would have expected in this market.”…Continue Reading

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