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Parkway Property Investors teams with Partners Group to buy some familiar Tampa-area office properties


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  • | 6:00 a.m. December 6, 2019
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COURTESY PHOTO — Parkway Property Investors and Partners Group have teamed up to acquire a handful of Tampa office properties, including the 19-story WeWork Place, at 501 E. Kennedy Blvd.
COURTESY PHOTO — Parkway Property Investors and Partners Group have teamed up to acquire a handful of Tampa office properties, including the 19-story WeWork Place, at 501 E. Kennedy Blvd.
  • Commercial Real Estate
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In a move that demonstrates a significant vote of confidence in Tampa’s office market and represents one of the largest commercial real estate transactions in the area in the past year, a joint venture between Parkway Property Investors and Partners Group has acquired a handful of 1980s vintage office buildings for $157 million.

The portfolio sold to PG-PKY Fairway JV LLC is unusual in that it contains a mix of both a downtown Tampa and suburban Westshore Business District assets.

 

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