(Crystal Proenza is associate editor of RealEstate Florida.)

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[IMGCAP(1)]TAMPA, FL-Boston-based TA Associates Realty hasacquired Corporate Oaks and Centerpointe office buildings from USAAReal Estate Co. for $47.3 million. The buildings, located onopposite sides of Eisenhower Boulevard in Tampa's Westshorebusiness district, have a combined 350,232 sf of rentablespace.

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"This is the largest office transaction in Central Florida thisyear in terms of total value," Mike Davis executive director ofcapital markets at Cushman & Wakefield, tells GlobeSt.com.Davis, along with associate director Rick Brugge negotiated thesale on behalf of USAA.

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Both class B office buildings were built in the 80s and havebeen owned by USAA since that time, says Russ Sampson, executivevice president at Colliers Arnold in Tampa. "TA has been anaggressive buyer in this market for a while. For that age product,the price--about $134 per sf--is probably a sign of the times," hesays, putting them at market value. "It's obviously downsubstantially from some of the more high profile sales that haveoccurred in the last few years."

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[IMGCAP(2)]"The sale ratifies institutional confidence in theWestshore business district of Tampa," says Davis. Sampson agrees,stating that the buildings, which are 92% occupied, certainly beatthe 12% vacancy rate in the submarket, which is made up of about 14million sf that wrap around Tampa International Airport.

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