Meridian and Eightfold Acquire Beaumont Business Center
- Apr 03, 2017
Tampa, Fla.—A joint-venture between Meridian Development Group and Eightfold Real Estate Capital has acquired Beaumont Business Center, a 252,235-square-foot office park in Tampa.
Lone Star Real Estate Fund sold the asset for $18.5 million. Craig Romer and Chris Romer of Dockerty Romer & Co. arranged a $7.4 million joint-venture equity on behalf of the buyer. The office park will be rebranded as Meridian 589.
Located at 5402-5460 Beaumont Center Blvd., in the vicinity of the Veterans Expressway and public bus stops, the asset is divided into 11 single-story, red-brick buildings and include amenities such as on-site deli and parking. The property also offers individual tenant storefronts.
Nine of the 11 buildings have office space for rent, with sizes ranging from 990 to approximately 16,000 square feet, totaling more than 83,000 square feet of available space. Tenants of the Beaumont Business Center include DDS Dental Lab, Pace Analytical Services and K. Hovnanian Homes.
Image courtesy of JLL