California investor picks up 400,000 square feet of space for $74M

CIP Real Estate has bought two Tampa office parks, its first purchases in Florida.

  • By Louis Llovio
  • | 10:32 a.m. November 10, 2022
  • | 0 Free Articles Remaining!
CIP Real Estate has bought two Tampa office parks for $74 million, its first purchases in Florida. (Courtesy photo)
CIP Real Estate has bought two Tampa office parks for $74 million, its first purchases in Florida. (Courtesy photo)
  • Tampa Bay-Lakeland
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A Southern California real estate investment firm has bought two Tampa business parks for $74.34 million and plans to spend $6.3 million more on improvements.

The buyer is Irvine-based CIP Real Estate and the two properties are the Center Point Business Park and the Hampton Oaks Business Park. They are about 3 miles apart on U.S. 301 on the city’s east side.

 

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