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Office buyer lands 7-year, $17.06M BankUnited loan

The Carillon Point office building in St. Petersburg

Miami Lakes-based BankUnited extended a seven-year, fixed-rate $17.06 million loan on a recently acquired five-story office building in St. Petersburg.
Holliday Fenoglio Fowler, L.P., (HFF) arranged the BankUnited loan to City Office REIT Inc., a New York Stock Exchange company publicly traded under ticker symbol CIO.
Managing director Chris Drew and associate director Brian Gaswirth led the HFF debt placement team that represented the borrower. HFF also handled the June sale of St. Petersburg office building, called Carillon Point, to City Office REIT.
Carillon Point is fully leased to a lineup of tenants including Paychex, Hull & Company and Peachtree Special Risk.
It is a 124,178-square-foot office building in the Carillon Point Office Park in northern St. Petersburg. Carillon Point Office Park is a 432-acre development with more than 3 million square feet of office space. The development is bordered by lakes, residences, shops and restaurants.
The office park’s location is equidistant from the downtown areas of Clearwater, Tampa and St. Petersburg, and it’s a short drive away from St. Petersburg-Clearwater International Airport and Tampa International Airport.
The office park’s address is near where Interstate 275 meets Ulmerton Road and Roosevelt Boulevard, two major thoroughfares in the Tampa Bay area.
Source: The Real Deal

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