Sabal Pavilion in Tampa Sells for $21M

By GlobeSt News Hub

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TAMPA, FL-A U.S. Securities and Exchange Commission filing revealed that CB Richard Ellis Realty Trust has paid approximately $21.3 million for Sabal Pavilion, a 120,500-square-foot office building at 3620 Queen Palm Drive in Tampa's Sable Park development. The four-story building is fully occupied by Ford Motor Credit Co.

Sabal Pavilion is used as a local call center. Ford extended its lease in July with landlord KBS Real Estate Investment Trust I. For the full story, go to Tampa Bay Business Journal .

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Categories: Southeast, Sales, Acquisitions/Dispositions, Scope, Tampa