Tampa General Hospital Acquires Medical Office In Tampa For $9.1M With Brokers Harris And DeLaVergne

A 14,315 SF medical office building was sold for $9.1 million at 509 South Hyde Park Avenue in the Tampa market. The property was acquired by Tampa General Hospital from EJRC Hyde Park LLC, with a price per square foot of $636.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $9,100,000
• Address: 509 South Hyde Park Avenue
• Market: Tampa
• Square Feet: 14,315
• Price Per Square Foot: $636
• Buyer: John Couris - Tampa General Hospital
• Seller: EJRC Hyde Park LLC
• Buyer's Representative: David Harris - Cushman & Wakefield; John DeLaVergne - DeLaVergne & Company
• Seller's Representatives: John Bencivenga, Nick Mastro & Ken Lane - Avison Young

The sale involved key representations from multiple firms, with Avison Young working for the seller, EJRC Hyde Park LLC, while Cushman & Wakefield and DeLaVergne & Company represented the buyer, Tampa General Hospital. This multi-representative involvement indicates a complex interaction between the parties to facilitate the transaction.