TAMPA, FL – August 4, 2014 – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it represented AGI Acquisition II, LLC in the sale of Premier Corporate Center, a 145,957 SF, multi-building office portfolio located in the Northwest Tampa office market.
Lou Varsames, Paul Carr, Rick Colon, and David Harris of Cassidy Turley represented AGI Acquisition II, LLC in the $8.2 million sale. The value-add transaction included a complex re-positioning of the asset whereby one of the buildings, a 4-story, 42,436 square foot building, will be demolished to accommodate additional parking and possible future redevelopment. The transaction required negotiations with several existing tenants to terminate leases early to accommodate the planned redevelopment. The remaining buildings were 74% leased at the time of sale.
The property sits on 12+/- acres of land and includes three single-story buildings and one four-story building with frontage and access on Linebaugh Avenue and Gunn Highway.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 4,000 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $25.8 billion in 2013, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 24,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.