Bridge Investment Group subsidiary Bridge Office Fund Manager has acquired Tampa Commons for around $57 million, according to media reports. The acquisition of the 13-story, 253,922 square-foot office building marks Bridge's return to the metro Tampa Bay office market, and further bolsters the company's Florida portfolio with nearly 2.4 million total square feet across nine properties.

Bridge departed from the Tampa office market last year, according to Kelly Kuykendall, director of asset management for Bridge Investment Group.

Originally built in 1985, Tampa Commons received more than $3 million in improvements in 2018, including a new covered mezzanine, upgrades to first-floor lighting, floors and furniture as well as the addition of a tenant conference room, concierge desk and management office.

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

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.