Halstatt Real Estate Partners Announces the Sale of 580 Corporate Center in Tampa

Halstatt Real Estate Partners, a real estate private equity firm, today announced the sale of 580 Corporate Center in Tampa. Halstatt, in partnership with Cardinal Point Management, purchased the six-building commercial office space property in March 2017 and implemented a leasing stabilization strategy that generated an additional 150,000 square feet of leasing space and increased occupancy from 54.7% to 94.3%. “We saw a tremendous lease-up opportunity in the Tampa light industrial and garden office space market. The property was well located, had a history of being fully occupied and the Tampa market dynamics are strong,” said Katie Sproul, chief executive officer, Halstatt. “We worked with Cardinal Point Management to improve, lease and manage the building and are very pleased with the result. Halstatt, along with our operating partners, continue to look for value add and opportunistic real estate throughout the Southeast.”