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Parmenter refinances Tampa buildings

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  • | 11:00 a.m. December 8, 2017
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  • Tampa Bay-Lakeland
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An affiliate of Miami-based Parmenter has refinanced its debt on a pair of Tampa office buildings and transferred ownership, records show.

The company replaced loans on 2701 Rocky Point Drive and 7650 W. Courtney Campbell Causeway with new mortgages from Metropolitan Life Insurance Co.

In all, MetLife provided $80.4 million in new mortgages on the two buildings, according to Hillsborough County property records.

Together, the two buildings total 494,813 square feet. Parmenter purchased the Rocky Point Island Center and Rocky Point Waterford Center properties for $85.5 million in November 2012, according to records.

Parmenter transferred the properties to new partnerships named PGPC Island Center LLC and PGPC Waterford Plaza LLC in conjunction with the refinancing for $112.5 million.

Parmenter officials did not return multiple telephone calls for comment.

The transaction did not involve another Parmenter property in Tampa, the eight-story Rocky Point Centre, a 181,014-square-foot building at 3030 N. Rocky Point Drive the company acquired in July 2015.

In addition to its Tampa holdings, Parmenter funds also own commercial buildings in Jacksonville; Dallas; Richmond, Va.; Atlanta; Houston; Charlotte, N.C.; and elsewhere in Virginia and Texas.


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