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"Tampa has been one of the darlings in the Southeast amongst institutional capital this cycle."

The companies say they will add value through a leasing strategy, building enhancements and the future ground-up medical office component.

JLL Capital Markets marketed the property and represented an institutional client in the sale of the 166,979-square-foot complex.

"Tracey's breadth of experience and dedication for improving public housing make her a perfect fit to lead the Chicago Housing Authority as we embark on our ambitious agenda to transform our city's economic landscape," said Mayor Lightfoot.

This year CBRE is finding that the capital markets are more cautious on buildings with more than 15% of their space dedicated to flex.

Investors may be able to tap creative financing to mitigate the impact of these new rules.

Zack, who has more than 20 years of property management experience, most recently served as a regional VP with CIM Group, L.P. since 2018.

Providing the infrastructure to supercharge growth can help smaller cities compete.