Iconic Waterfront Office Tower Trades in Downtown Bradenton
Transwestern Real Estate Services (TRE) executed the sale of Plaza Del Rio, a 78,553-square-foot office tower at 101 Riverfront Blvd. in downtown Bradenton. The buyer was a Florida-based partnership, 101 Riverfront LLC, which acquired the asset for $8.6 million, or $109-per-square-foot.
Built in 1986, the seven-story property features ornate architecture with flexible floorplates, thoughtfully designed common areas, floor-to-ceiling windows and dramatic ocean views. The asset is 86% occupied by a diverse tenant roster of corporate, legal, finance, healthcare and personal service users, including CoAdvantage Corp. and Morgan & Morgan. The property is also subject to a ground lease.
Transwestern’s John Bell represented the unnamed seller.
Bell says, “Plaza Del Rio is an iconic office landmark. Companies are attracted to the tower’s exceptional building and neighborhood amenities, customizable tenant suites and its unmatched location at the core of Bradenton’s Central Business District.”
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