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Florida & Gulf Coast  + Central Florida  + Office  |  August 28, 2019
David Cohen
By: David Cohen

IP Capital Snags 444-Room Grand Hyatt Tampa Bay and Bayport Plaza Office Property

IP Capital Partners, along with an institutional capital partner, has acquired the Grand Hyatt Tampa Bay and Bayport Plaza for an undisclosed price. The 444-key hotel and the 265,976-square-foot office property are located along Tampa Bay, near Tampa International Airport.

The Grand Hyatt Tampa Bay features nearly 33,000 square feet of meeting space, three food and beverage outlets, two tennis courts, an outdoor resort-style swimming pool and a 24-hour fitness center. Bayport Plaza features a tenant roster that includes a number of Fortune 500 and global companies.

Preston Reid, Wyatt Krapf and Hermen Rodriguez of JLL represented the undisclosed seller in the transaction. Additionally, Chris Drew and Maxx Carney of JLL secured acquisition financing for IP Capital.

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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