Developer sells Tampa portfolio slice for $66M

TAMPA -- Parkway Properties has let go nearly a quarter of its total commercial real estate holdings in Tampa's Westshore District, selling four office buildings and a parking lot to a New York investment company for $66.1 million.

The combined properties along Cypress Center Drive and North Westshore Boulevard total 456,000 square feet. Not including a 6-acre parking lot on North Hoover Boulevard, the deal represents $138 per square foot.

Companies affiliated with investment firm Angelo Gordon & Co. on New York's Park Avenue closed the sale on those parcels July 7, according to deeds filed in Hillsborough County. Properties include Cypress Center I at 5404 Cypress Center Drive, Cypress Center II at 5310 Cypress Center Drive and Cypress Center III at 5405 Cypress Center Drive.