In April of 2017, KI Florida Fund acquired a Bayview, a three-story, 72,751 sq. ft. office building at 11300 4th St North in St. Petersburg, Florida.
At the time of acquisition, the property was more than 90% occupied, and is home to Cox Media (an operator of 5 popular radio stations in the Tampa Bay area) along with other notable local companies such as Career Path Training Corp, Employee Fiduciary and Online Training Academy.
Conveniently located in the Gateway sub-market between the Howard Frankland and Gandy bridges, Bayview is easily accessible from either Tampa or St. Petersburg, just 7 miles (15 minutes) to downtown St. Petersburg and 15 miles (20 minutes) to downtown Tampa. With two major airports within 15 minutes, the property’s location and lease rates offer a unique value proposition to tenants with employees on both sides of Tampa Bay.
Bayview is the first acquisition of KI Florida Fund I, a commercial real estate fund focused on value-added investments in Florida. Rick Brugge of Cushman & Wakefield brokered the transaction. For leasing information, please contact Ryan Hutkowski of Kennedy Investments at (813) 554-1212.