John F. Power & Roger Altreuter Acquire Office Building In Tampa For $7.8M

Farley White acquired an office building located at 8875 Hidden River Parkway in Tampa for $7.8 million. The property encompasses a square footage of 133,201 and was sold for approximately $59 per square foot. This transaction occurred significantly below its 2017 sale price by roughly $10 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $7,800,000
• Buyer: John F. Power & Roger Altreuter - Farley White
• Seller: Anthony Dilweg - Dilweg
• Square Footage: 133,201
• PPSF: $59
• Market: Tampa

The deal expands Farley White's holdings in River Corporate Park to 688,000 square feet, with over 100,000 square feet recently leased across the park. CBRE has been engaged for handling leasing within the property.