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Newmark Grubb Knight Frank (NGKF) announces the completion of two client relocation transactions in Tampa, Florida totaling over 77,000 square feet. NGKF’s Tampa office represented a moving company in its acquisition of a new headquarters building and a Tampa-based Florida law firm with its lease negotiations and relocation.
Transactions include:
Owner Representation
Associate Bobby Sampson represented Florida-based Coast to Coast Moving and Storage in the purchase of its new headquarters near McKay Bay in southeast Tampa. The 64,000-square-foot facility on Uceta Road includes six paved acres, which can accommodate more than 50 trucks. The building features a new roof, 22-foot clear ceiling height, sprinkler system and surrounding fence. The relocation accommodates current and future growth for Coast to Coast.
“It took almost two years, three buildings in and out of contract, and a failed build-to-suit journey, but we finally found the perfect headquarters for Coast to Coast,” said Sampson. “Our client is extremely happy with the purchase of this building and looks forward to many successful years in this facility.”
With three locations, Key West and Tampa, Florida and Anaheim, California, Coast to Coast provides household relocation services from Key West to the west coast of California. They also serve as the largest hauling interstate agent for Wheaton World Wide Moving across the country.
Tenant Representation
Senior Managing Directors John Esposito and Russell Sampson represented civil trial defense law firm LaCava & Jacobson, P.A. in a long-term lease and relocation to 501 East Kennedy Boulevard in downtown Tampa. The firm shifts to a 13,972-square-foot headquarters five blocks east of its previous space within the landmark Bank of America Plaza. The Class A office tower features a state-of-the-art fitness center, employee lounge and conference/training center. Amenities within walking distance include two full-service banks, hair salon and restaurants. Mercedes Angell of Cushman & Wakefield represented the landlord, Angelo, Gordon & Co.
“In a market with rapidly escalating rental rates, LaCava & Jacobson and NGKF were able to capitalize on a unique situation, and together with a quality ownership group, structure aggressive economic terms and conditions. The relocation also provided an excellent opportunity to increase efficiency,” said Esposito.
About LaCava & Jacobson, P.A.
With locations in Tampa, Fort Lauderdale and Naples and 16 attorneys, LaCava & Jacobson, P.A. to serve clients throughout the state of Florida and handle litigations and appeals in all state and federal courts. The law firm is dedicated to representing self-insureds, insurance companies and those whom they insure. For more information on LaCava & Jacobson, P.A., visit www.lacavajacobson.com.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.