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Florida & Gulf Coast  + Office  |  October 15, 2020
David Cohen
By: David Cohen

JV Snags Tampa Flex Property for $32M

JLL has brokered the $31.7 million sale of Breckenridge Park, a 15-building, 334,000-square-foot office and flex complex in Tampa.

Built between 1982 and 1998, the complex is currently leased to a mix of local and national tenants. Breckenridge Park is situated on 30 acres at Breckenridge Parkway in eastern Tampa.

Bret Felberg, Jeff Morris, John Dunphy and Peter Cecora of JLL represented the seller, MLG/PF Breckenridge Investment LLC, which is affiliated with MLG Capital. A joint venture partnership between The Arden Group and Avistone purchased the asset. Additionally, JLL worked on behalf of the borrower to place a floating-rate loan with BlackRock. Loan proceeds will be used to acquire the property and implement a capital improvement plan.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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