Colliers Represents Tampa Eisenhower, LLC in Sale of One President’s Plaza
Private equity group Tampa Eisenhower, LLC has sold the office building in Tampa’s Westshore district known as One President’s Plaza for $14.25 million. Balogh Family Partnership, a private equity group based in South Florida, purchased the 96,376-square-foot Class B property, located at 4902 Eisenhower Blvd.
Paul Carr, Todd Tolbert and Nicholas Coccodrilli of Colliers represented the seller in the transaction, with advisory support from the seller’s leasing team of Ryan Reynolds, Molly Molloy Catlett and Jackson Kilcoyne of CBRE. Kyle Chaikin of Franklin Street represented the buyer and will take over the leasing on behalf of the ownership.
“The buyer was looking to expand on their presence in Tampa’s Westshore submarket, in addition to satisfying a 1031 exchange requirement,” Carr said. “The seller owned and managed the property to a high standard for roughly 15 years, had a favorable basis, and plans to deploy the capital in other investments.”