In St. Petersburg, the Carillon complex is a three-building cluster of office properties totaling 308,045 sf. Located at 740, 780, and 800 Carillon Parkway, the buildings sold to Boston-based TA Realty Associates, for $38.4 million, or $125 per sf.
In Brookfield, the 83,301-sf building at 555 W. Executive Dr. was sold to Bellevue, WA-based Towne Realty for $10.9 million, or $131 per sf. Allstate will lease back the 50% of the building that it currently occupies.
William M. Fausone, principal and COO; and Kevin Gazley, senior vice president, both with Rosemont-based Colliers Bennett & Kahnweiler Inc., negotiated the sale of two office properties on behalf of Allstate Insurance Co.
Since December of last year, the Colliers team of Fausone and Gazley completed the sale/leaseback of three triple net-leased properties to Capital Lease Funding totaling nearly 400,000 sf on behalf of Allstate Insurance. The buildings are located in Charlotte, NC; Roanoke, VA; and Cochran, PA. Also completed was the sale of a 193,337-sf multi-tenant office property in Bothell, WA to CarrAmerica.
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.