Banyan Street Capital acquired Harborview Plaza, a 206,329-square-foot, Class-A office complex in Tampa, Florida. Banyan acquired the 6.7-acre development from Cousins Properties for $39.5 million. Banyan Street partnered with Lafayette Street Capital on the acquisition, marking the third investment partnership between the two firms.
Harborview Plaza is located at 3031 N Rock Point Drive in the Rocky Point enclave within Tampa’s Westshore submarket. The seven-story building was built in 2002 and features covered parking, a 24/7 fitness center, an on-site restaurant and an adjacent park with jogging trails.
A capital improvement plan includes a new and improved lobby, tenant lounge, café, elevator modernization, and specific attention to constructing a waterfront outdoor patio and third workspace. The JLL team of Jim Moler and Deana Beer have been retained to lease the property on behalf of the new ownership.
A CBRE team led by Amy Julian and Andrew Chilgren represented Banyan in securing a new loan which was provided by Prime Finance. Another CBRE team led by Christian Lee and Sean Kelly represented Cousins Properties.
The post Banyan Spends Nearly $40M on Tampa Office Complex appeared first on Connect CRE.
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