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Florida & Gulf Coast  + Central Florida  + Industrial  | 
CIP Real Estate has purchased the Hampton Oaks Business Park and the Center Point Business Center in Tampa, FL for $74.3 million.

CIP Real Estate Lays Out $74M for Set of Fully Leased Tampa Commerce Parks

CIP Real Estate has purchased the Hampton Oaks Business Park and the Center Point Business Center in Tampa, FL for $74.3 million.

Rick Brugge, Mike Davis, Rick Colon, Dominic Montazemi and Ryan Jenkins with Cushman & Wakefield represented the seller, Albany Road Real Estate Partners. Jason Hochman and Ron Granite of Cushman & Wakefield secured two loans totaling $54.4 million in acquisition financing through Banked United on behalf of CIP Real Estate.

“Hampton Oaks and Center Point are both well located, high-quality light industrial parks in Tampa’s predominant East Side submarket,” said Brugge. “Both have high historical occupancy rates and are well positioned for future success.”

Hampton Oaks Business Park totals 259,543 square feet and consists of six buildings. Center Point Business Park is nearby and totals 146,229 square across five buildings.

Both parks were fully leased at the time of sale. Each includes warehouse floor space along with dedicated areas for office use, 12-to-18-foot clear heights and ample parking.

Photo, t-b: Hampton Oaks Business Park, Center Point Business Center

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Cushman & Wakefield's Brugge

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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