TAMPA, FL—Hudson, MA-based private investment firmCalare Properties has acquired a 14-buiding officeand industrial portfolio in the greater Tampa area.

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Calare reports its purchase of Airport CorporateCenter near Tampa International Airport and BayTec Center in St. Petersburg. The two properties total231,867 square feet of office and industrial space on a combined 20acres of land. No terms of the transaction were announced.

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“We are excited to announce our expansion into the Tampa areawith this strategic portfolio purchase,” says BillManley, managing partner and CIO of Calare Properties.“The addition of the two facilities gives us a strong foothold inan area with a fast-growing economy. It is a testament to ourability to seek out phenomenal investment opportunities outside ofour traditional target markets.”

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Airport Corporate Center at 6702-6712 Benjamin Road in Tampa isa six-building development with 107,540 square feet of office andlight industrial space. The property is located in Tampa'sWestside/Airport submarket.

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Bay Tec Center is an eight-building development with 124,327square feet of office and light industrial space located in St.Petersburg. The property is situated in the Mid-Pinellas industrialsubmarket, adjacent to the mixed-use Carillion Park.

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Since the firm's inception in 2003, Calare has invested morethan $360 million of equity capital, representing more than $650million in assets, on behalf of select institutional and privatepartners.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.