CBRE Selected to Lease Tampa Office Building
- Sep 03, 2019
The joint venture between Owens Realty Capital and Galium Capital has tapped CBRE to lease Fountain Square II, a 133,887-square-foot Class A office building in Tampa, Fla. The property changed ownership in July, when Equus Capital Partners sold it for $29.4 million, per Yardi Matrix data. CBRE Senior Vice President Barry Hanerfeld and Associate Ashley Rosenberg will spearhead the leasing efforts at the property.
Located at 4925 Independence Parkway in the Westshore office submarket, Fountain Square II is near Veterans Expressway, roughly 4 miles west of Tampa International Airport. Downtown Tampa is approximately 8 miles east, accessible via Interstate 275.
Built in 1989 on nearly 2 acres within the Fountain Square Office Park, the four-story building features 35,000-square-foot floorplates and a parking ratio of 3.9 spaces per 1,000 square feet. Amenities include a fitness center and a café with outdoor seating area. The property was 93 percent leased at the time of sale. The tenant roster includes CarePlus, ConnectWise and the U.S. Government.
According to Hanerfeld, Fountain Square II has undergone more than $2 million of capital improvements since 2015 and renovation was completed in 2018. The new ownership intends to further implement property upgrades.