Re Gain Investment Fund LLC Acquires Fountain Square III Office Building In Tampa For $25.18M

The transaction involved the sale of the Fountain Square III office building located at 4900 Memorial Highway in Tampa. The asset measures 176,150 square feet and was sold for $25,180,000, translating to a price per square foot of $143. The building is currently fully leased to JPMorgan Chase.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $25,180,000
• Buyer: Re Gain Investment Fund LLC
• Seller: Jason Fox - Net Lease Office Properties
• Broker: CBRE
• Lender: Ameris Bank
• Financing Amount: $12,590,000

Jason Fox represented the seller in this transaction through his company, Net Lease Office Properties. The deal was facilitated by CBRE, acting as the broker, which helped negotiate the sale and coordinate the financing details with Ameris Bank.