Miami group buys Rocky Point office complex, plans multimillion-dollar renovation
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Jul 8, 2015

A waterfront office building has been sold to a Miami investment firm for $35.1 million.

Parmenter Realty Partners acquired Rocky Point Centre, a 181,014-square-foot office building at 3030 North Rocky Point Drive in a deal that closed June 30, according to a Hillsborough County deed filed Monday.

The sales price breaks down to $193 per square foot, which rivals the sales price of some of downtown Tampa's signature office towers.

The purchase brings Parmenter's Rocky Point portfolio to 680,000 square feet.

"Parmenter plans to implement a $2.65 million capital improvement program to address both cosmetic improvements as well as mechanical upgrades, including an elevator modernization,” Michael Holmes, regional chief operating officer and senior vice president of acquisitions in the Southeast for Parmenter, said in a statement.