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Parmenter Realty Partners Refies Tampa’s Rocky Point Centre with $29M from Banesco USA
Institutional real estate investment, management and development firm Parmenter Realty Partners has secured a $28.6-million loan to refinance Rocky Point Centre, a 190,000-square-foot Class A office building located the Rocky Point Island micro market of Tampa, FL.
Banesco USA, a Miami, FL-based an independent Florida state-chartered bank with $2.78 billion in assets, partnered with ABANCA USA to close on the loan.
“This new loan enables us to continue to build asset value at Rocky Point Centre through additional building upgrades and new leasing in the improving Tampa office market,” said Michael Holmes, COO at Doral, FL-based Parmenter Realty Partners.
“Banesco USA’s partnership with ABANCA USA to finance this loan will make a crucial impact to this area of Tampa,” added Calixto Garcia-Velez, president and CEO of Banesco USA. “It will showcase Tampa’s wonderful quality of life and continued Business District growth.”
- ◦Financing