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Tampa Bay Area
Business Observer Friday, Jun. 13, 2014 4 years ago

Safepoint Insurance Co. buys Grand Oaks at Tampa Telecom Park

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Residential insurance company SafePoint Insurance Co. purchased the 12,520-square-foot Grand Oaks at Tampa Telecom Park office building for $1.58 million.

BUYER: Safepoint Insurance Co. (owners: Amarjit and Parminder Dhaliwal), Brandon
SELLER: 12640 Telecom Drive LLC
PROPERTY: 12640 Telecom Drive, Temple Terrace
PRICE: $1.58 million
PREVIOUS PRICE: $2.81 million, January 2008
LAW FIRM ON DEED: Bivins & Hemenway PA, Valrico

PLANS, DESCRIPTION:
Residential insurance company SafePoint Insurance Co. purchased the 12,520-square-foot Grand Oaks at Tampa Telecom Park office building for $1.58 million.

The price equated to $126 per square foot. That figure is close to the two-year average price per square foot for office space ($131) in the Tampa Bay area, according to the CoStar Group.

The single-story office building is located in Tampa Telecom Park between Park Centre Intellicenter and Telecom at Riverbend.

Safepoint officials did not respond to requests for comment.

The young Tampa company SafePoint Insurance entered the Florida insurance market in February, after receiving a state license last November.

This article has been updated to reflect the owners of Safepoint Insurance Co.

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