ESN Group Acquires Office Complex At 400 & 450 Carillon Parkway For $19.5M

The property involved in the transaction is the Castille at Carillon office complex located at 400 & 450 Carillon Parkway in St. Petersburg, Florida. The sale price was $19,500,000, which equates to $189.32 per square foot for the total of 103,000 square feet across a 4.3-acre site. The complex is comprised of two recently renovated buildings.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $19,500,000
• Buyer: ESN Group
• Seller: Larry Feldman - Feldman Equities; Reid Berman - Tower Realty Partners
• Lender: Suncoast Credit Union
• Loan Amount: $13,650,000
• Square Footage: 103,000
• Price Per Square Foot: $189.32

In this transaction, the buyer, ESN Group, acquired the asset from a venture comprised of Feldman Equities, represented by Larry Feldman, and Tower Realty Partners, represented by Reid Berman. The property was financed with a loan provided by Suncoast Credit Union, amounting to $13.65 million.