St. Petersburg, Florida
Carillon Pointe
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Transaction Details
970 Lake Carillon Dr.
St. Petersburg, FL 33716
123,639 Sq. Ft.
PROPERTY TYPE
Office
Investment Highlights
- Acquired from affiliates of Nuveen
- Class A office building constructed in 2007 in Carillon Mixed-Use Park
- 97% occupied at acquisition with major tenants including Paychex and Smith & Nephew with near-term roll
- Acquisition at attractive cap rate and below replacement cost
- Managed rollover during hold period
- Sold to affiliate of City Office REIT with more stabilized rent-roll