East Tampa office space attracts institutional buyer

BUYER: Prudential Real Estate Investors, Portland, Ore.
SELLER: BRE/COH FL LLC
PROPERTY: 10150, 10210 and 10401 Highland Manor Drive and 4041 and 4042 Park Oaks Blvd., Tampa
PRICE: $111 million
PREVIOUS PRICE: $58.14 million and $16.69 million, December 2011

PLANS, DESCRIPTION: In one of the largest office portfolio sales this year, Prudential Real Estate Investors purchased five buildings in Highland Oaks office park for $111 million.

The 575,852 square feet of space sold for the equivalent of $193 a square foot. According to Costar, $119 per square foot is the average price for office space in the Tampa market.