Loading
Coca-Cola Enterprises appears to be downsizing in Brandon, shrinking its space by more than 40% in the past two years.
The Coca-Cola products bottler had previously occupied all 202,076 square feet in the Regency Park North office building. Today, it fills just 116,420 square feet, according to Trepp LLC, a New York firm that tracks commercial mortgage-backed securities.
The $29 million loan on Regency Park was recently sent to a special servicer for processing after the owner of the building failed to make a required balloon payment on the debt in October, when the note matured. The loan is now considered non-performing, Trepp says.
Officials from Coca-Cola Enterprises, whose lease expires at the end of March 2017, did not return an email requesting comment on the downsizing.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
