TAMPA, FL-The former Trump Tower Tampa site and the adjacent CapTrust building has traded for an undisclosed amount. Located on the Hillsborough River, the site the only undeveloped parcel in Tampa’s downtown core. It was intended to house a 52-story luxury condominium complex.
An multi-partied investment partnership called Brownstone Tampa Partners acquired the asset. The partners include O,R&L Facility Services, sister company Owens Realty Network and Community Reinvestment Partners II, a joint venture investment fund of Forge Capital Partners and DeBartolo Development.
“In our search for a strategic partner, we had interest from a number of groups and developers,” Bob Owens, president and CEO of O,R&L said in a prepared statement. “We chose Forge and DeBartolo because of their capital and development expertise.”
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