Five Tampa offices buildings sell for $111M

TAMPA — Prudential Real Estate Investors purchased five buildings in the Highland Oaks office park for $111 million. The 575,852 square feet of space sold for $193 a square foot.

The real estate investment business of Prudential Financial Inc. purchased 124,597-square-foot Highland Oaks I; 125,318-square-foot Highland Oaks II; 99,089-square-foot Highland Oaks III; 128,376-square-foot Highland Oaks IV; and 98,472-square-foot Highland Oaks V.

The complex is home to eight office buildings, including three owned and occupied by J.P. Morgan Chase. The park, off of Interstate 75, one exit south of the Interstate 4 interchange, also houses a 150-room Hilton Garden Hotel. Duke Realty originally developed the park between 1999 and 2008.