$104M Takes 532,000-SF Office Complex

TAMPA, FL-Malvern, PA-based REIT Liberty Property Trust has acquired the 532,000-sf Renaissance Park, for $104 million or $195 per sf. The five-building office complex is located along Henderson Road north of Tampa International Airport

Renaissance Park, which is situated on 71 acres in the Westshore Business District, was developed in the late 1990s to house the customer call service operations for Capital One Financial Corp. It now serves as the headquarters of WellCare Health Plans Inc. and is 97% leased with tenants including WellCare, Capital One, CEMEX and Wade Trim.

“The property is already built out and substantially leased so we’ll contain to keep it leased and fill vacancies as they arise,” Liberty senior vice president Bob Goldschmidt tells GlobeSt.com.