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Flagler Enters Area Office Market With $30M Buy

TAMPA, FL-Flagler Development Group acquires the 170,924-sf Bridgeport Center. The asset is 96% occupied.

By Natalie Keith | Updated on March 24, 2008

TAMPA, FL-Jacksonville-based Flagler Development Group Inc. has acquired the 170,924-sf Bridgeport Center office building for $29.5 million. The nine-story office property is located within the city’s Westshore Business District.

It was 96% occupied at the time of the sale. The seller, Boston-based AEW Capital Management LP, was represented by Cushman & Wakefield senior director Mike Davis and associate director Rick Brugge. According to public records, AEQ bought the property in December 2005 for $24.2 million. “The property was being sold because the seller had reached its investment target,” Davis tells GlobeSt.com.

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