Investors pay $31 million for East Tampa office building
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Sep 27, 2023

An office building that sits on 50 acres in East Tampa has sold to a partnership of Miami-based Torose Equities and Merrimac Ventures.

The investors paid $31 million for 6302 Corporate Center in Tampa; the building is approximately 350,000 square feet. It was developed as an outlet mall in 1984 and converted to office space in 1999.

The sale closed Jan. 18.

“I am very excited to add 6302 Corporate Center to our growing portfolio,” Scott Sherman, founder and principal of Torose, said in a statement. “While others remain on the sidelines in this uncertain environment, we continue to adhere to our contrarian approach and see opportunities in the value-add office and retail sectors. This asset is a great long-term cash-flow play, but the site also provides long-term optionality for future development. We are proud to partner with Merrimac Ventures on this acquisition and look forward to announcing several other deals in the pipeline shortly.”

A team from CBRE Capital Markets — Dale Peterson, Joe Chick, Kristen Hagen, Courtney Snell and Nick Sharpe — represented the seller, B&L Investments Interstate, in the transaction.