The broker tells GlobeSt.com buyer and seller had no special environmental or governmental challenges to overcome before closing the deal. The transaction took six months to complete, from contract signing to closing. "It was a loan assumption" deal, Hal Warren, a director at the Apartment Group in Orlando, tells GlobeSt.com.
Warren negotiated for the seller. Strong Properties represented itself. A&M owned the property since 1998. The average asking base rent range is $465 to $635 per month.
On the Tampa Bay office market generally, Warren says, "The overall market continues to be strong and concessions continue to burn off which will help the market occupancy."
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
