Westmount Realty Capital acquires first office property in Florida

Westmount Realty Capital has acquired Interstate Business Park, a seven-building suburban office/flex property, in the popular Interstate 75 Corridor in Tampa. A sales price was not disclosed.

The class B, 12.5-acre business park offers unmatched connectivity to major thoroughfares, including I-75, I-4, U.S. Highway 301, State Road 60 and State Road 618. The acquisition is Westmount’s first office property in Florida.

The property, which also has a small portion of warehouse space with grade-level access, is 73 percent occupied with more than 32,000 square feet of vacancy. National credit, government and construction tenants include Kissinger Campo & Associates, Cohen Veterans Network, Ferguson Enterprises, Flatwoods Consulting Group, Nova Engineering and Environmental and the Florida Department of Agriculture. Most current leases expire between 2023-2026.

 

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