Recent Deals of Note: KForce & Buffalo Wild Wings
Date: May 28, 2010
BUYER: Kforce Services Corp. Tampa, FL
SELLER: iStar CTL East Palm — Tampa LLC
PROPERTY: 1001 E. Palm Ave., Tampa
PRICE: $28.5 million
PREVIOUS PRICE: $1.25 million, September 2000
PLANS, DESCRIPTION: Kforce Inc. purchased its headquarters in Ybor City for $28.5 million.
The price equated to $213 per square foot.
The four-story, 133,660-square-foot building was originally built in 2001. It occupies a 6.37-acre parcel and features a 4,200-square-foot fitness center, 100-seat cafeteria, coffee bars on each floor and an outdoor basketball court.
Kforce previously leased the building from iStar, a commercial real estate firm.
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Date: June 24, 2010
BUYER: MCA Enterprises Brandon, Inc
SELLER: Florida Wings Group, LLC
PROPERTY: Brandon Crossroads
PRICE: $2.6 million
PREVIOUS PRICE: $.7 million, January 2004
PLANS, DESCRIPTION: The property includes 2.01 unesable acres of land, and is improved by free-standing, 6,600 square foot Buffalo Wild Wings restaurant built in 2004.
The price equated to $394 per square foot.
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Comments:
There were also a couple of sizeable trades on apartment complexes, recently. Providence Place apartments in Brandon, FL sold on August 4, 2010 for $30 million and Carrollwood Station Apartments sold for $18.9 million on August 6, 2010. It is good to see some of these larger trades begin to happen.
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