Tampa Bay-area office park recently acquired by Vision Properties/Arena Capital Group
Tampa, FL – February 17, 2016 – CBRE has been selected to provide property management services for a 575,000-square-foot office portfolio encompassing five buildings known as Renaissance Center in the Westshore submarket of Tampa, Florida. CBRE will oversee Renaissance Center on behalf of the owner Vision Properties/Arena Capital Group.
Vision Properties recently purchased the portfolio of Class A office assets from Liberty Property Trust. The portfolio includes Renaissance I, II, III, IV and V and features two 1,900-space parking garages. In addition the owner plans to construct an additional 111,000-square-foot office building as soon as they secure the anchor tenant. Through the acquisition, CBRE will also add the four employees currently on the office park’s property management team.
“CBRE is pleased to work with such a successful long-term investor in Tampa as the Vision Properties/Arena Capital Group,” said Michael Williams, Director of Asset Services for CBRE Tampa. ”To be appointed to manage a portfolio of this size, scale and quality, is testament to the strength of our team and service offering.”
Situated on 71 acres in northwest Hillsborough County off of Veterans Highway, Renaissance Center is comprised of a five-property group whose tenants include WellCare and Capital One. The property features a full service cafeteria, a two-story fitness/wellness center with basketball and racquetball courts, lighted tennis courts, sand volleyball courts and a softball field.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.