(Carl Cronan is editor of RealEstate Florida.)

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TAMPA, FL-Corporate Center Four at International Plaza, thecity's newest class A office building in the Westshore submarket,has signed a second tenant from a nearby building. Sources tellGlobeSt.com that Sage Software Healthcare Inc. will take up 65,000square feet in two floors of the eight-story building, bringing itto 40% occupancy before its scheduled opening early next year.

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Landlord and tenant representatives say they are bound byconfidentiality agreements with the new tenant not to disclose itsidentity, and Sage Software representatives could not be reachedFriday to confirm the lease. Charlotte, NC-based Crescent ResourcesLLC owns the 247,000-square-foot building, which is being promotedas the first LEED-certified office structure in the Westshoresubmarket.

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Westshore's office vacancy increased slightly during the thirdquarter to nearly 12%, beyond its usual single-digit range butstill below Tampa's 14.5% citywide average, according to CB RichardEllis. More than 500,000 square feet of new offices are expectedto open in Westshore over the next six months, amid prospectsthat some tenants are considering moving elsewhere within the TampaBay region upon their lease expirations.

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Meanwhile, several Westshore tenants are looking to move intonewer space nearby in spite of above-average market rents. GlobeSt.com reported inSeptember that Bay Cities Bank is relocating to Corporate CenterFour from Corporate Center One at International Plaza, where SageSoftware is also currently based.

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"Because it is a tenant's market today, we're going to see moremusical chairs, not just within submarkets but between submarketsas well," Paula Buffa, senior director with GVA Advantis in Tampa,tells GlobeSt.com. She adds that the Westshore submarket continuesto attract tenants from other parts of Tampa and beyond theregion.

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Buffa represented the tenant in lease negotiations, whileCrescent was represented in Tampa by Sharon Bragg, leasingassociate, and Lud Hodges, vice president of commercialdevelopment. Crescent has scheduled a Jan. 15 grand opening atCorporate Center Four.

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