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Preview: Tampa/St Petersburg Commercial Real Estate News From CoStar Group

Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of


Southeastern Grocers to Close 94 Stores, File 'Pre-Packaged' Ch. 11 as Part of Restructuring Agreement with Lenders

Fri, 16 Mar 2018 02:20:03 GMT

Following a months' long review of how to reduce its debts, Jacksonville-based Southeastern Grocers has chosen to file for Chapter 11 bankruptcy reorganization. As part of this restructuring, it has decided to close 94 underperforming stores across the South, 35 in Florida, 19 each in Georgia and South Carolina, 10 in Alabama, nine in North Carolina, and one each in Mississippi and Louisiana. "We have not taken these steps without careful planning...

Atlantic Housing Foundation Refinances 3,500-Unit Portfolio

Wed, 14 Mar 2018 05:09:48 GMT

Dallas-based Atlantic Housing Foundation has refinanced a portfolio of affordable and student housing properties it owns in Texas, Florida and South Carolina. Hunt Mortgage Group provided $187 million in financing. The portfolio consists of more than 3,500 units of affordable and student housing in 16 properties. Many of the units are affordable to tenants at or below 60% of the area median income where the properties are located. The sponsor...

Six Selected for Savills Studley Board

Mon, 05 Mar 2018 07:31:22 GMT

New York-based commercial real estate services firm Savills Studley, specializing in tenant representation, appointed six new members to its U.S. board of directors: Lisa Davidson, Ann Duncan, Doane Kelly, Jeff Manley, David Providenti and Tiffany Winne. Davidson is an executive managing director in the firm's Chicago, IL office. With almost 30 years of tenant representation experience, she has completed more than 25 million square feet of transactions...

IP Capital Partners Taps Cushman & Wakefield to Lease Two-Building Office Complex in Clearwater

Wed, 28 Feb 2018 09:18:06 GMT

IP Capital Partners LLC, a private real estate investment firm with headquarters in Boca Raton, FL, has selected Cushman & Wakefield to lease its 215,267-square-foot Bayside Center office complex in Clearwater, FL. Building I of the Bayside Center delivered in 1987 and Building II delivered in 1994. The campus is located at 17755-17757 U.S. Hwy 19 in eastern Pinellas County. The property was recently acquired by IP Capital Partners and is currently...

Equinix Expands Into 49,000 SF in Downtown Tampa

Wed, 28 Feb 2018 08:11:03 GMT

Equinix, Inc., a provider in data center solutions and global interconnection, expanded from its original 30,164 square feet of space at the Two Harbour Place office building in downtown Tampa, FL, to occupy 48,818 square feet on the 7th and 8th floors there. The 188,455-square-foot office building delivered in 1998 at 302 Knights Run Ave. in the city's CBD submarket. It has 12 stories and is now 92 percent leased following the expansion deal...

Meritage Homes Leases 13,000 SF in East Tampa

Wed, 28 Feb 2018 06:50:23 GMT

Meritage Homes, a real estate development company headquartered in Scottsdale, AZ, signed a lease for 13,375 square feet in the Atrium office building at 10117 Princess Palm Ave. in Tampa, FL. The five-story office building totals 166,690 square feet in the Sabal Park business center, and was constructed in 1989. The multi-tenant building is home to Springfield College, which occupies the entire second floor, and Coca-Cola Beverages Florida LLC...