Chapters Health Sold a 28,445-SF South Tampa Property and Signed a 14,000-SF Lease at Meridian Three in the Westshore District
TAMPA, FL, June 19, 2018 – Cushman & Wakefield has represented Chapters Health System, a not-for-profit healthcare provider, in relocating its Tampa office from a property it had owned to a leased space in a Class A office tower.
Executive Managing Director Andy May, along with Director Nina Sullivan, represented Chapters Health in leasing a 14,205-square-foot space at Meridian Three, 4200 W. Cypress St., which is part of a three-building, Class A office complex in Tampa’s Westshore submarket. Lisa Coulter represented the landlord, Highwoods Properties, in the lease negotiations.
May and Senior Director Barry Oaks also represented Chapters Health in the disposition of a 28,445-square-foot office building at 3010 W. Azeele St. in South Tampa, which sold at a record price per-square-foot for the South Tampa market. Clearview, represented by Cushman & Wakefield Director Ryan Reynolds, purchased the property.
Chapters Health, which provides hospice care and other services for those affected by life-limiting illnesses, is headquartered in nearby Temple Terrace and operates in Citrus, Hardee, Hernando, Highlands, Hillsborough, Pasco, Pinellas and Polk counties.
“The office building on West Azeele Street is a valuable asset because of its location and size in the South Tampa submarket,” said May. “The time was right for Chapters Health to sell and take advantage of the increased demand we are experiencing in the South Tampa submarket, and the efficiencies created by their new location. Being positioned in the heart of Westshore, Meridian Three is a convenient location that should serve the organization and its clients’ needs well.”
Sullivan added, “The move to a Class A building in Westshore will allow Chapters Health to embrace the latest healthcare industry trends for workplace strategy and current technology.”
Meridian Three is a 220,450-square-foot building that underwent significant renovations in 2015. The building features a light-filled lobby with onsite amenities including a fitness center, conference room and two cafés. At the intersection of West Cypress Street and North Lois Avenue, it is adjacent to Interstate 275, which provides convenient access to downtown Tampa as well as St. Petersburg and Clearwater.
Cushman & Wakefield’s Project & Development Services group, led by Managing Director Carey Poole, is managing the project on behalf of Chapters Health. Chapters Health plans to complete the move to Meridian Three this fall.
About Chapters Health System
Founded in 1983 as a compassionate not-for-profit organization, Chapters Health System provides choices, education and guidance for those affected by advancing age or advancing illness through its managed affiliates: Good Shepherd Hospice, HPH Hospice, LifePath Hospice, and Chapters Health Palliative Care, located in Citrus, Hardee, Hernando, Highlands, Hillsborough, Pasco and Polk counties. In addition, Chapters Health operates HPH Home Health, which serves the needs of patients in Pasco and Pinellas counties. To learn more, visit www.chaptershealth.org, like us on Facebook or follow us on Twitter and LinkedIn.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Communications Specialist, Florida