HFF Arranges Financing for Tampa Bay Office Asset

The company worked on behalf of City Office REIT Inc. to secure the seven-year, fixed-rate loan for Carillon Point.

By Robert Demeter

Carillon Point
Carillon Point, St. Petersburg, Fla.

St. Petersburg, Fla.HFF has arranged $17 million in financing for Carillon Point, a 124,178-square-foot, Class A office building in St. Petersburg, the company announced recently.

HFF worked on behalf of the borrower, City Office REIT Inc., to secure the seven-year, fixed-rate post-close acquisition loan through BankUnited N.A. The debt placement team representing the borrower was led by Managing Director Chris Drew and Associate Director Brian Gaswirth. HFF handled the sale of the property in June.

Built in 2008, the five-story Carillon Point features 24,727-square-foot floor plates with standard ceiling height, controlled access and a total of 590 parking spaces, including covered parking, according to Yardi Matrix data. The property is part of the 432-acre Carillon Office Park, which encompasses more than three million square feet of office space surrounded by lakes, jogging trails and boardwalks, upscale residential communities, shopping and dining options as well as hotels.

Situated at 970 Lake Carillon Drive, the location is equidistant from downtown Tampa, downtown St. Petersburg and downtown Clearwater, and is situated at the confluence of Interstate 275, Ulmerton Road and Roosevelt Blvd. Additionally, the asset is a short distance away from the St. Petersburg-Clearwater International Airport and Tampa International Airport.

Carillon Point is fully leased to a roster of global, national and regional tenants, including Paychex, Hull & Co. and Peachtree Special Risk.

Photo via City Office REIT website