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Deals & Dealmakers

Cushman & Wakefield Arranges $29.5M Sale/Partial Leaseback of Catalina Marketing’s Carillon Park Office Building

Cushman & Wakefield announced today the commercial real estate services firm has arranged the $29.5 million sale and partial leaseback of 200 Carillon, a Class A 157,755-square-foot office building located within Carillon Park in Tampa Bay’s Gateway/Mid-Pinellas submarket.

Cushman & Wakefield’s Rick Brugge, Andy May, Nina Fishman, Mike Davis, Rick Colon, and Dominic Montazemi, with support from Chloe Strada and Zach Eicholtz, represented the seller in the transaction. The office building was sold by Catalina Marketing and acquired by an undisclosed buyer.

“Over the last year, we have fully embraced a flexible work approach that allows our team members to work remotely as often as they would like. For us, it is far more efficient to lease back space in the building that provides ample work and collaboration spaces when needed,” said Wayne Powers, CEO at Catalina Marketing.

200 Carillon’s flexible and efficient floor plans along with open concept and rare plug-and-play spaces, newly renovated on-site café and gym, outdoor seating, and above average parking ratio of 7.06 per 1,000 square feet make it a modern “HQ style” building. The five-story office building even presents a value-add opportunity through potential redevelopment of an adjacent oversized parking structure and 1.3-acres of vacant land.

Another unique feature of 200 Carillon is its ability to provide a premier suburban mixed-use, live-work-play environment due to its positioning within the heart of Carillon Park. This includes easy access to an award-winning boardwalk and jogging/fitness trail, 100-acres of conservation area, a hospital, several service-oriented and retail establishments, and a soon-to-be completed Top Golf that are all located within the park.

“200 Carillon is a Class A office building in a high-quality mixed-use park offering a significant amenity base in a live-work-play environment. It is what many office users today desire,” added Rick Brugge, Vice Chair at Cushman & Wakefield.

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