Tampa, FL – April 27, 2015 – (RealEstateRama) — CBRE arranged the purchase of a 30,039-square-foot single tenant property leased to Concorde Career Institute at 4202 and 4210 Spruce Street in Tampa, Florida. RL Concorde LLC acquired the two-building property for $6 million.
“The property’s location in the Westshore business district, Florida’s largest commercial district, and its proximity to major highways, restaurants and hotels make it a very attractive location for Concorde,” said Ray Romano, CBRE First Vice President. ”The new owners have confidence in the Tampa market and saw this as a rare opportunity to purchase a property with a stable and growing long-term tenant on a strategically located real estate corner.”
The campus is well-situated near the International Plaza, Tampa International Airport, I-275, Veterans Expressway and the Howard Frankland Bridge.
CBRE’s Ray Romano represented the buyer while Calkain Companies’ David Sobelman and Teal Henderson represented the undisclosed seller in the transaction.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
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