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Tampa General Hospital buys Kennedy building
BUYER: Florida Health Science Center Inc. dba Tampa General Hospital, Tampa
SELLER: Snow Park Inc.
PROPERTY: 606 W. Kennedy Blvd., Tampa
PRICE: $2.43 million
PREVIOUS PRICE: $228,600, May 1995
SELLER: SunTrust Bank as trustee of the William W. Stoeltzing Revocable Trust
PROPERTY: 114 S. Brevard St., 115 S. Magnolia Ave. and 601, 605 and 607 Cleveland St. and 110 and 112 S. Brevard St., Tampa
PRICE: $1.38 million
SELLER: Grand Central Properties Inc
PROPERTY: 608 W. Kennedy Blvd., Tampa
PRICE: $975,840
PREVIOUS PRICE: $300,000, September 1995
SELLER: Cedar Properties Inc.
PROPERTY: 606 W. Kennedy Blvd., Tampa
PRICE: $404,130
PREVIOUS PRICE: 62,900, April 1996
SELLER: Jax Beach Properties
PROPERTY: 603 Cleveland Ave., Tampa
PRICE: $148,200
PREVIOUS PRICE: $30,000, December 1994
SELLER: Cecille Parido and Elvira Stoeltzing as co-trustees of the William Stoeltzing Family Trust
PROPERTY: 25% interest in lot 8, block 7, Plant of Washington's Subdivision, Tampa
PRICE: $118,275
SELLER: Cecille Parido and Elvira Stoeltzing as co-trustees of the William Stoeltzing Family Trust
PROPERTY: 601 Cleveland St. and 115 S. Magnolia Ave., Tampa
PRICE: $118,275
PREVIOUS PRICE: $39,500 and $96,700, April 1991
SELLER: Cecille Parido
PROPERTY: 601 Cleveland St. and 115 S. Magnolia Ave., Tampa
PRICE: $118,275
LAW FIRM ON DEED: Hill Ward Henderson, Tampa
PLANS, DESCRIPTION: Tampa General Hospital purchased the two-story former Bryn-Alan Photography building and several surrounding parcels on Kennedy Boulevard near Brevard Avenue for a total of $5.7 million.
The purchase price equated to $117 per rentable square foot.
The hospital plans to move some support and non-clinical functions to the 48,652-square-foot Kennedy building to free up space in the hospital.
“We had leased space at one point, but we wanted the location to be close to the hospital and this made more economic sense than leasing office space,” says John Dunn, director of communications for the hospital.
“We haven't fully decided what will go in there yet. We're more focused right now on renovating the building. It is a year out or so before we will be able to move in.”
Even following the opening of a new six-story expansion, Dunn says, the hospital is already running out of clinical space, because of ever-increasing patient volumes.
Tampa General Hospital mortgaged the property to SunTrust Bank for $4.28 million.