(Carl Cronan is editor of RealEstate Florida.)

TAMPA, FL-Miami-based Adler Group Inc. has acquired the15-building Breckenridge Park complex here as its second purchasefrom a discretionary fund formed earlier this year. The$100-million fund, seeded by an unnamed European investor, seeks tobuy income-producing commercial properties in and beyondFlorida.

Breckenridge Park, which totals 332,582 sf of class A office andindustrial space at Interstate 4 and US 301 on Tampa's east side,was bought from Americas Capital Partners, also based in Miami, for$28.4 million. In August, Adler Group paid $31 million from thefund for an 11-building portfolio near Naples.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 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.