SVN Florida Team in Tampa Procures $14.3M Deal on High Profile Property in Westshore District
Former Without Walls property provides ideal apartment and retail redevelopment opportunities in state’s largest office market
Tampa, Florida (August 28, 2014)— The brokerage office of Sperry Van Ness Commercial Real Estate LLC in Tampa successfully procured a $14.3M deal on a high profile property in the city’s Westshore district, the largest office market in Florida. Located on W Columbus Drive, the 13-plus-acre property has been the location of Without Walls International Church.
The SVN Tampa team of Bill Gross and Kenny Anderson procured the buyer, The Richman Group, for Without Walls International Church. The property is well-suited for redevelopment into apartment and retail opportunities. Finalization of this transaction is the culmination of a more than two-year proactive effort conducted on behalf of the SVN team.
"There were a number of planning, rezoning and permitting phases during this process,” said Anderson. “The key to success was our team’s ability to remain attentive to the transaction and focused on the needs of each party, while providing guidance and direction when needed.”
Prominently located within the Westshore area, the property currently includes a church sanctuary, administration building and surrounding land. Westshore, an area on the western edge of Tampa, is a vibrant and growing business community and has been an area of significant activity during recent years. With more than 12 million square feet of commercial office space, it is the largest commercial market in the area and a major center of activity for the region.
“Westshore properties continue to be in high demand and this property provides outstanding mixed use opportunities,” Gross said. “I anticipate this transaction will serve as a catalyst for continued growth and activity in this area.”
SVN Florida provides services in more locations than any other Florida commercial real estate firmand Advisors in Jacksonville, St. Augustine, Tallahassee, Panama City, Pensacola, Ocala, New Smyrna Beach, Melbourne, Orlando, Lake Mary, Winter Park, Tampa, St. Petersburg, Sarasota, Bradenton, Naples, Fort Myers, Jupiter, West Palm Beach, Stuart, Fort Lauderdale, Hialeah and Miami. The SVN Florida team represents clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions.
About Sperry Van Ness FloridaCommercial Real Estate Advisors:
Sperry Van Ness International Corporation, a commercial real estate brokerage franchisor, is one of commercial real estate’s most recognized brands, based on the annual Lipsey Survey. The SVN® Organization includes more than 180 locations in 200 markets. SVN Advisors provide brokerage, tenant representation, consultation, asset management, property management, leasing, accelerated marketing and auction services. The Florida team consists of more than 90 Advisors serving locations throughout the state. SVN Advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions. All SVN offices are independently owned and operated. For more information on SVN Florida, visit www.svnflorida.com. For the latest news, trends and issues related to the commercial real estate market, visit SVN Florida’s blog www.svnflorida.com/blog/.
Zeszutko Corp.-PR on behalf of SVN Florida
Jerry Anderson, CCIM
Sperry Van Ness Florida Commercial Real Estate Advisors