Excerpted from Commercial Property Executive story.
Ally Capital Group has acquired Austin Center, a 299,000-square-foot office complex in Tampa, Fla., from RS Westshore LLC, an affiliate of Redstone. The deal marks just the second time the complex has traded since its completion in 1975.
Located at 1111, 1211, 1311, 1401 and 1411 N. Westshore Blvd., the five-building office campus sits on 10.4 acres in the Westshore neighborhood. The complex is situated adjacent to International Plaza Mall and Tampa International Airport, and provides easy access to Interstate 275, Veterans Expressway and State Road 60.
Ben Miller and Casey Siggins of Franklin Street Capital Advisors arranged financing for the deal through Valley Bank’s Tampa location. ACG has tapped Tampa-based Franklin Street to lease, manage and provide insurance for Austin Center.
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