Frank Greek & Alex Motiuk Acquire Office In Trinity For $22.5M From Brett Schneggenburger

The asset involved in the transaction is an office property located at 7916 Evolutions Way in Trinity. The property consists of a newly built structure covering 100,000 square feet, and it has been transacted for $22,500,000, resulting in a price per square foot of $225.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $22,500,000
• Buyer: Frank Greek & Alex Motiuk - Greek Real Estate Partners
• Seller: Brett Schneggenburger - NVGTNB
• Brokers: Lisa Ross, Mike Davis, Rick Brugge, Rick Colon & Trey Carswell - Cushman & Wakefield
• Market: Trinity
• Square Footage: 100,000
• Price Per Square Foot: $225

This transaction marks Greek Real Estate Partners' first acquisition in Florida. The sale-leaseback arrangement with NVGTN was facilitated by Cushman & Wakefield, framing the property as a stable investment within the growing Tampa Bay industrial market.