JV Acquires Two East Tampa Office Buildings

TAMPA, FL-A joint venture between Penn-Florida Companies and Edge Principal Advisors acquired two East Tampa office buildings. Financial terms of the deal were not disclosed.

The JV took ownership of Lakeview Center, a 187,500-square-foot office campus, and Eastpointe, an 85,063-square-foot office building. The buildings are located immediately off of I-4 on MLK Boulevard. Over 50% of the rentable space had been occupied by Bank of America for the past seven years and is now available. The partnership made the strategic purchase to aggressively re-introduce the assets into the market.