Steelbridge Capital has acquired the Park Place Office & Promenade office complex in Clearwater for $22 million. The asset, located along Park Place Blvd. includes a six-story, 118,447-square-foot office building and three, single-story, promenade-style buildings, totaling 50,221 square feet. The buildings were 96 percent leased at the time of the sale with major tenants Threattrack, ISC2, Orange Business Services, Malewarebytes and Senior Home Care. The seller, Equity Office Properties Trust was represented by John Gerlach, vice president of investment services at Colliers International Tampa Bay.
“The Tampa Bay office market has attracted more and more institutional and private equity sources of capital over the recent years,” Gerlach said in a statement. “The sale of Park Place is a good example — Pinellas County is attracting these sources of capital because of its high quality of life that attracts a strong workforce and in return draws businesses, especially in the financial and technology sectors.”
