202,000-SF Office Property Trades for $39M

TAMPA, FL-Regency Park North, three single-story office buildings totaling 202,076 sf, has been sold to Moorings Development for $39 million.

CB Richard Ellis executive vice president Chris Riley and his partners Frank Fallon and Brad Rodgers, along with CB Richard Ellis brokers Ginger Gelsheimer and Rick Klepal brokered the transaction on behalf of the seller, Indianapolis-based Duke Realty. “Regency Park North represented an excellent opportunity,” Riley says. “It provided the rare combination of new high-quality construction, with a long-term lease to an investment grade tenant, in an easily accessible dynamic location.”