Sterling Sells 473,000-SF Park Tower in Downtown Tampa (Update)
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Sterling Equities sold the Park Tower office building at 400 N. Tampa St. in Tampa, FL for $ 79.75 million, or about $ 169 per square foot, to a joint-venture consisting of affiliates of City Office REIT, Inc. (NYSE: CIO), Feldman Equities Management and Tower Realty Partners. The seller acquired the asset in 2006 from Colonnade Properties LLC for $ 50 million ($ 106 pSF), according to CoStar data. div.comp {font-size:0.8em;line-height:1.2em;float…
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