Landmarc Realty has acquired a prime retail/office property in West Tampa for $2.6 million, marking an important strategic expansion in the area.

Information on the Target

The target of this deal is an 18,600-square-foot retail and office building located at 2700 N MacDill Avenue in West Tampa, Florida. Recently acquired by Landmarc Realty for $2.6 million, this property is strategically positioned in a rapidly developing urban market. This acquisition marks Landmarc's second purchase in the area within the same year, following their acquisition of the nearby Fountain Plaza retail complex.

The building has not been sold since its development in the early 1980s and represents the conclusion of the sales of assets from the McDill Columbus portfolio. With new ownership, the property will be managed to enhance its value and further integrate it into the surrounding urban environment.

Industry Overview in Florida

Florida's real estate market, particularly in Tampa, continues to flourish due to a combination of factors driving demand. The region has a booming population exceeding 3.04 million, bolstered by an