Cushman & Wakefield announced today that the commercial real estate services firm has arranged the sale of Preserve VII, a 115,000-square-foot Class A office building located in Tampa, Florida.
Mike Davis, Rick Brugge, Rick Colon, Dominic Montazemi and Robert Elms of Cushman & Wakefield represented Highwoods Properties, the seller, in the transaction with support from Zachary Eicholtz and Ryan Jenkins. Sentinel Real Estate Corporation, an independently owned real estate investment management firm with $7.8 billion of institutional quality real estate assets under management, acquired the property.
“Preserve VII is a high-quality office asset with long-term credit tenancy located in one of the fastest growing markets in the country,” Brugge said. “The building attracted significant investor interest.”
Located at 18216 Crane Nest Drive in Highwoods Preserve, one of the region’s premier corporate office parks, the four-floor building is 100% leased to MetLife. The building includes large windows, efficient floor plates, and structured parking with an above market parking ratio of 4.5/1,000 sf