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Fairlead In Second Tampa Buy

Atlanta Capital Markets
Fairlead In Second Tampa Buy

Fairlead Real Estate's love affair for all things office and Florida continues unabated. This time it's through the purchase of Westshore 500, a Class-A, 130k SF office building in Tampa with equity partner Bridge Investment Group Partners. Fairlead's Jeff Shaw tells us the facility was “one of the last value-add opportunities” in Tampa, and the owners have plans to upgrade the building's common areas and amenities for an undisclosed sum. CBRE's Christian Lee, Dale Peterson, Charles Foschini and Marcos Minaya brokered the deal. Fairlead has already bought once in Tampa with the 281k SF Fifth Third Center (which we reported here), and Jeff tells us its still seeking upwards of $600M in assets to buy with its fund.