Top Deals 2019: Tampa Bay

Portfolio sales spur record transactional volume of nearly $837 million in 2019.

  • By Kevin McQuaid
  • | 12:00 p.m. January 2, 2020
COURTESY PHOTO — IP Capital Partners and Chicago-based GEM Realty Partners bought the Grand Hyatt Tampa Bay and the adjacent Baypoint Plaza for $225.7 million.
COURTESY PHOTO — IP Capital Partners and Chicago-based GEM Realty Partners bought the Grand Hyatt Tampa Bay and the adjacent Baypoint Plaza for $225.7 million.
  • Commercial Real Estate
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While the Gulf Coast’s two other submarkets saw the total dollar value of their top transactions slip dramatically in 2019 from the previous year — the result of a lack of signature asset sales — the Tampa Bay area’s fortunes improved significantly.

 

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