Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TAMPA, FL-With its 127,324 sf of newly leased space all under one roof, Humana Medical Plan Inc. of Louisville, KY is set to open a new claims call center in the former two-level, 919,000-sf DeBartolo regional shopping center at 5701 E. Hillsborough Ave.

Humana signed three leases valued at $10 million to assemble the space in the mall building where it will handle its Medicare side of the business. The leases are for five years and 10 months. Jeff Tolrud of Colliers Arnold’s Tampa office negotiated for the tenant. Cushman & Wakefield of Florida Inc. represented the property owner, Triple Net Properties LLC of Tampa.

The lease brought Netpark’s occupancy to 85%. Other major tenants are General Motors and Alltel. The park has 16 tenants. The average asking rent range is $14.50 to $15 per sf, net of electric and janitorial costs.

The former shopping center was built in 1976 and renovated to office space in 2001. The three leases comprise a sublease of 58,086 sf and two direct leases of 56,134 sf and 13,101 sf. The leasing transaction took four months to complete, from contract signing to closing, Tolrud tells GlobeSt.com.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.