The effective $23.7 million price reflects deductions for re-tenanting costs and credits for capital improvements to the buyer.
The sale marks one of the few class A office transactions this year in metro Tampa, area brokers tell GlobeSt.com.
A prepared statement from Mack-Cali didn't disclose the age, occupancy or average quoted rents at the property. GlobeSt.com couldn't reach Mack-Cali officials at publication deadline.
Area brokers tell GlobeSt.com the sale price was below an estimated replacement cost of $150 per sf or a total $29.74 million.
The building was Mack-Cali's sole Florida asset. John F. Gerlach and Terri Huerta of Colliers Arnold brokerage negotiated for Mack-Cali.
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