Parkway Picks Up Pointe for $47M

TAMPA, FL-One of Tampa Bay’s most coveted office properties has sold for $46.9 million. Parkway Properties bought the Pointe via its Parkway Properties Office Fund. The seller was undisclosed.

“The Pointe is a landmark asset in the Westshore submarket and includes a strong tenant base consisting of high-quality national and regional credit customers,” James Heistand, president and CEO of Parkway, said in a statement. “With this purchase, Parkway now owns an interest in over 788,000 square feet and manages an additional 299,000 square feet for third-party owners in the Westshore submarket, which provides Parkway with important critical mass in this primarily urban infill area.”