Anthony Saravanos Of Greenleaf Capital Acquires Office Buildings In St. Petersburg For $19M
580 Carillon Parkway
$19,000,000
$105/SF
Building Size
180,000 SF
Asset Type
Office
Closing
Sep 25, 2025
About this deal
AI
The transaction involved two office buildings located at 560 and 580 Carillon Parkway in St. Petersburg. The properties were sold for a total price of $19,000,000, encompassing 180,000 square feet of office space, which translates to a price per square foot of $106.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $19,000,000
- Buyer: Anthony Saravanos - Greenleaf Capital
- Seller: Chuck Fagan III - Velera
- Total Square Footage: 180,000
- Address: 560 & 580 Carillon Parkway
- Market: St. Petersburg
Greenleaf Capital, represented by Anthony Saravanos in the deal, acquired the properties from PSCU Financial Services, now known as Velera. Velera has plans to relocate to Sparkman Wharf in Tampa following its merger with Co-op Solutions in 2023, while the third building at 570 Carillon Parkway is set to house Foot Locker.
Players
Saint Petersburg Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93