The partnership already has a tenant commitment for one-third of the space formerly occupied by BellSouth. Tampa-based Switch & Data Facilities Co. is taking 24,500 sf on two of the six floors. The tenant rents switching equipment and rack space to telecom firms.
Switch & Data plans to spend between $2 million and $3 million on improvements. Office/service rents in the area average $10 psf. Trammell Crow Co. was the seller's broker. Touchstone Webb Realty Co. handled the buyer.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.