Netpark, Tampa's shopping mall turned indoor office park, is on the market
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Dec 11, 2023

Netpark, one of Tampa’s most unique office properties, is on the market.

The 1 million-square-foot indoor office park, which was previously an enclosed shopping mall, has been owned by a tenant-in-common investor group since 2005. Dale Peterson and Joe Chick of CBRE Group Inc. are marketing the property for sale.

Netpark is in unincorporated Hillsborough County, on 97.56 acres near East Lake-Orient Park and the Seminole Hard Rock Hotel & Casino. The mall was built in 1976, property records show.

It is 60% leased, according to CBRE. Traditionally, it has been a destination for call centers and other back-office tenants.

The TIC has put the property up for sale “due to the property’s exceptional future redevelopment potential and its location in a rapidly gentrifying area,” a spokesperson said.

In 2014, the TIC secured a $47 million refinancing to fund a major renovation of the office park. Shortly before the renovation, in 2013, the TIC investors also put the property on the market.