Galium Capital Secures $20.4M Loan Through TD Bank For Fountain Square II

The property involved in the transaction is a 133,887-square-foot office building located at 4925 Independence Parkway in Tampa, FL. The asset, known as Fountain Square II, was sold for $29.4 million in Tampa's Westshore office submarket. The building, renovated in 2018, offers amenities such as a fitness center, management office, and a café with outdoor seating. At the time of sale, the property was 93.1 percent leased to tenants like CarePlus, ConnectWise, and the U.S government.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $29.4 million
• Address: 4925 Independence Parkway, Tampa, FL
• Market: Tampa
• Borrower's Rep: Rebecca VanReken (Berkadia)
• Borrower: Galium Capital
• Lender: TD Bank
• Loan Amount: $20,400,000.00

In the deal, the seller, Equus Capital Partners, was represented by Ike Ojala and Hermen Rodriguez of JLL. The buyer, a joint venture between Owens Realty Capital and Galium Capital, was also procured by the JLL team. Rebecca VanReken of JLL facilitated a $20.4 million acquisition loan through TD Bank on behalf of the buyers, featuring a seven-year term with a fixed interest rate.