$5 million in capital improvements complete at Sunforest Business Park, modernization meets demand of Tampa’s burgeoning Westshore submarket

Commercial real estate firm facilities the extensive multi-million dollar capital improvements project spanning 107,000 square feet at Sunforest

Tampa, FL – July 13, 2015 – (RealEstateRama) — Avison Young unveiled the newly renovated Sunforest I, a 107,000 square-foot, three-story suburban office building located at 5130 Eisenhower Boulevard in Tampa’s Sunforest Business Park, which recently underwent a $5 million capital improvement initiative bringing the property to the highest standards of modernization.

Positioned at the northern gateway of the Westshore submarket, the campus-like setting of Sunforest Business Park, which is home to Bristol-Myers Squibb, will be enhanced by renovations which touch nearly every element of the building:

· Full lobby upgrades, including common areas, restrooms and elevator cabs

· New three-story parking deck to increase parking ratio to 7 per 1,000

· Modernization of HVAC controls

· New roof

· Landscape renovations

· Exterior paint

Previously occupied by Coventry Healthcare for nearly 15 years, this window of vacancy has provided ownership the opportunity to make the necessary capital upgrades to the building to prepare it for the next 20+ years. “Sunforest I has been repositioned as a modern, attractive office building, worthy of today’s business requirements and poised to exceptionally meet the ever increasing tenant needs for efficiency in the ratio between density and square footage.” said Clay Witherspoon, Principal and Managing Director of Avison Young’s Tampa office and the exclusive leasing agent for the property on behalf of ownership, Great Point Investors.

The extensive renovation has accentuated the appeal of this Business Park which boasts unique high-end amenities such as the only on-site daycare provider in Westshore Business District, Time of Wonder, a 17,000 square foot conference center on-campus, a café and Mainsail Apartment Homes that include a full-service restaurant and fitness center.

Ideally situated adjacent to Tampa International airport and the crossroads of residential communities, Sunforest I is positioned to accommodate a range of tenants from 10,000 square feet to a large-scale user up to 100,000 square feet – one of the largest blocks of available space in the market. Additionally, the building affords tenants one of the few branding / building signage opportunities available in the Westshore submarket.

Conveniently located on the Southwest corner of Hillsborough Avenue and Veterans Highway, the business park has easy access to all part of Hillsborough, Pinellas and Pasco counties, and minutes away from the Westshore Business District.

Avison Young’s Tampa operation provides best-in-class services to local, national and international clients while also networking with the firm’s other offices across the U.S. and Canada. For more information about Avison Young, please contact Clay Witherspoon at 813.288.1800 or visit http://www.avisonyoung.com/offices/tampa.

Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 1,900 real estate professionals in 67 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.

• Clay Witherspoon, Partner & Managing Director, Avison Young: 813.444.0626

www.avisonyoung.com

Avison Young was a winner of Canada’s Best Managed Companies program in 2011, 2012 and 2013 and has demonstrated its commitment to the program and successfully reapplied for the designation as a Gold Standard winner in 2014.

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