Buildings in Tampa office park sell for $111 million

The real estate arm of the giant Prudential Insurance Company has purchased five buildings in East Tampa’s Highland Oaks office park for $111 million.

It is Tampa Bay’s third major commercial real estate transaction in the past few weeks.

“There’s a lot of investor enthusiasm” in the area, said Dale Peterson of CBRE, which represented the seller in the Highland Oaks transaction. “What we’re seeing is surging population growth, strong job growth, a very healthy labor market and rapidly improving infrastructure in roads. We’ve got a bunch of new residential units being developed that are attracting millennials.”

Highland Oaks, just off Interstate 75 and one exit south of the I-4 interchange, is “extremely accessible,” Peterson said, noting that it is within a 45-minute commuting distance of 2 million people.

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John William is a cum laude graduate of the University of Miami, and has spent his lifetime in sales and marketing. The fourth generation to join his family business, John William manages all luxury residential sales and transactions within the Tampa Bay and South Florida markets. A keen industry insider with a finger on the pulse of the area, He is an expert identifying high-return acquisition and development opportunities for hungry investors both large and small while simultaneously working with homeowners and homebuyers to buy and sell the home of their dreams… often times without the need of the MLS or a For Sale sign. He also oversees all digital and print marketing for the company, and handles all sales training for new and established agents alike. He is a member of the Board of Directors of Brookwood Florida, the oldest charity in Florida, and works to raise millions of dollars annually for local charities and museums.