(Carl Cronan is editor of RealEstateFlorida.)

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TAMPA, FL-PharMerica Corp. will relocate its local servicecenter in September to 50,000 sf in the Eastpointe building atCorporex Office Park on the city's east side. The new lease bringsthe three-story, 85,000-sf building near the interchange ofInterstates 4 and 75, to nearly 90% capacity.

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Louisville, KY-based PharMerica currently has its service centerat Sabal Park, also in East Tampa. PharMerica is the second-largestinstitutional pharmacy services company assisting health carefacilities nationwide.

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Cypress Creek Capital and Perry Real Estate Partners purchasedEastpointe nearly two years ago, under a joint venture called EastTampa LLC. The $50-million deal also included the nearby LakeviewCenter building and land for additional offices at Corporex.

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Nearly $300,000 has been invested in improvements to Eastpointe,including new lobby finishes and roof coating, according to SharonRogers-Barron, Cypress Creek senior vice president. Another$100,000 is being put into new restrooms and other common areas,she says.

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"It puts Eastpointe on the map as a top-notch office building inthe I-75, East Tampa corridor," Rogers-Barron tells GlobeSt.com.She says the building is asking full-service rents between $19 and$20 per sf for the remaining 10,200 sf of vacancy.

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Cypress Creek, a subsidiary of Woodbridge Holdings Corp., ismanaging partner of Eastpointe as well as Lakeview Center, whichcontains 187,500 sf of office space in three stories. CB RichardEllis handles leasing for both buildings, while Cushman &Wakefield and Cresa Partners represented PharMerica.

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