The portfolio is a 99% leased mix of class A industrial/flexspace and office space in Tampa and Orlando. Seven buildings, with430,000 sf, are located in the Pinellas County and airportsubmarkets of Tampa. The other two buildings are located in theOrlando submarkets of southwest Orange County and Seminole County.The portfolio increases the fund's holdings to more than fourmillion sf. Colliers Abood Wood-Fay senior associates DavidMetalonis and John Crotty and senior vice president Jay Zivco-brokered the deal for the buyer.

Crotty says the seller were not identified due toconfidentiality agreements. The portfolio was sold because theseller was seeking to dispose of some assets and invest in otherproperties. "This was a challenging deal because it was during thecourse of the credit crunch," Crotty tells GlobeSt.com. "But thebuyer did what it said it was going to do and the deal wascompleted."

The portfolio consists of 580 Corporate Center, a six-building,375,000-sf class A flex office/industrial property in Oldsmar;54,000-sf flex property at 5201 Tampa West Blvd; 121,000-sf LakeMary Distribution Center at 38 Skyline Dr. in Lake Mary; and160,000-sf building at 7000 Kings Point Parkway in Orlando.