Concourse Center totals nearly 295,000 square feet and was 90% leased at the time of the sale.
TAMPA—A fund managed by New York City-based DRA Advisors LLC has sold the four-building Concourse Center here to The Dilweg Companies of Durham, NC.
The 294,621-square-foot office park traded for $53.3 million, according to documents filed with the Hillsborough County Clerk of the Circuit Court. The Cushman & Wakefield Capital Markets team of Mike Davis, Rick Brugge and Rick Colon negotiated the sale on behalf of the DRA Advisors fund.
Concourse Center consists of four, three-story buildings ranging in size from 73,180 square feet to 74,533 square feet. The assets were developed between 1982 and 1984 on an approximately 12.5-acre campus at 3501, 3503, 3505 and 3507 East Frontage Road and were 90% leased at the time of the sale.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
