Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Carl Cronan is editor of Real EstateFlorida.)

TAMPA, FL-PharMerica Corp. will relocate its local service center in September to 50,000 sf in the Eastpointe building at Corporex Office Park on the city’s east side. The new lease brings the three-story, 85,000-sf building near the interchange of Interstates 4 and 75, to nearly 90% capacity.

Louisville, KY-based PharMerica currently has its service center at Sabal Park, also in East Tampa. PharMerica is the second-largest institutional pharmacy services company assisting health care facilities nationwide.

Cypress Creek Capital and Perry Real Estate Partners purchased Eastpointe nearly two years ago, under a joint venture called East Tampa LLC. The $50-million deal also included the nearby Lakeview Center building and land for additional offices at Corporex.

Nearly $300,000 has been invested in improvements to Eastpointe, including new lobby finishes and roof coating, according to Sharon Rogers-Barron, Cypress Creek senior vice president. Another $100,000 is being put into new restrooms and other common areas, she says.

“It puts Eastpointe on the map as a top-notch office building in the I-75, East Tampa corridor,” Rogers-Barron tells GlobeSt.com. She says the building is asking full-service rents between $19 and $20 per sf for the remaining 10,200 sf of vacancy.

Cypress Creek, a subsidiary of Woodbridge Holdings Corp., is managing partner of Eastpointe as well as Lakeview Center, which contains 187,500 sf of office space in three stories. CB Richard Ellis handles leasing for both buildings, while Cushman & Wakefield and Cresa Partners represented PharMerica.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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 © 2020 ALM Media Properties, LLC. All Rights Reserved.