Property is located adjacent to I-4 on MLK Boulevard
Tampa, FL – March 29, 2016 – CBRE has been appointed by TerraCap Management, LLC as the exclusive leasing agent for Eastpointe, an 85,063-square-foot office building at 3802 Corporex Park Drive in Tampa, Florida. TerraCap, based in Bonita Springs, Florida, acquired the three-story building in March 2014 along with the neighboring Lakeview Center office property. The building currently has approximately 29,651 square feet available for lease. CBRE’s Anne-Marie Ayers and Phil Weber will oversee the leasing assignment.
“Demand is growing quickly for office space in the Tampa market because of a large absorption rate and the lack of new office product,” said Ms. Ayers, CBRE First Vice President. “This high-quality building offers tenants an outstanding central location with great access to the I-4 corridor submarket.”
Eastpointe, which is currently 65% leased, is located in the Corporex Office Park in east Tampa. Constructed in 1987, the property also has a two-story parking garage built in 1999. The garage provides the property with 357 spaces. Major tenants in the building include Pharmerica Long-Term Care and Priority Care Solutions. Rental rates range from $20 – $21, offering an attractive alternative to higher rates of nearby office properties.
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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.