Tampa office building sold to Orlando investor
By Pam Huff
Tampa Bay Business Journal
Published: Dec 27, 2022

A fully leased office building in Tampa has been sold to a private Orlando-based real estate investment company.

CBRE arranged the sale of Palm Court at Hidden River, a Class A 59,530-square-foot building at 8600 Hidden River Parkway in Tampa. The buyer and a sales price were not disclosed, and a deed has not yet been filed in Hillsborough County.

It was last sold in 2018 for $6.8 million. Anchor tenants are Bausch & Lomb and the Florida Department of Financial Services.

“Coming out of Covid, single-story product continues to be the most sought-after office asset class," said CBRE Senior VP Dale Peterson in a release. "This coupled with Bausch & Lomb’s long-term, credit-quality tenancy provided strong investor interest.”

Dale Peterson, Joe Chick, Kristen McFarland Hagen, Courtney Snell and Nick Sharpe with CBRE represented the seller, Virginia Beach-based Continental Capital Partners, in the transaction, the release said. The company is a commercial real estate acquisition and asset management firm focused on institutional quality office, office-flex and industrial properties in the Mid-Atlantic and Southeast.

Palm Court at Hidden River is located just off Interstate 75 and two exits north of the Interstate 4 interchange.