Best Real Estate Deal 2005, No Other Than Highwoods Preserve

Friday, February 24 2006 @ 02:32 PM UTC

Contributed by: jron

In the Tampa Bay Business Journal's Best Real Estate Deals of 2005 Thursday night, A massive office vacancy that took more than a year to fill claimed the grand prize.

The 824,000-square-foot complex was declared full late last year after landlord Highwoods Properties Inc. and broker Cushman & Wakefield of Florida Inc. sold and leased buildings to four companies. Highwoods Preserve, a five-building complex vacated in the wake of WorldCom's multibillion-dollar bankruptcy, was named the overall winner in the third-annual awards.

Best Deal with Developed Real Estate-Office, Best Headquarters or Corporate Campus Move, and Best Project Sale, Highwoods Preserve also won four other awards, Best Deal Announced in 2005.

Steve Meyers, Highwoods Properties' vice president in Tampa, said in accepting one of the awards. He credited several brokers with completing the deals, "There was a big sigh of relief when we finally filled this vacancy."

Here is the list of other winners for 2005:

Best Community Impact: Airside C at Tampa International Airport Best Deal with Developed Real Estate-Industrial

Tampa International Center Best Land Deal: Georgetown Waterfront

Best Medical Project: All Children's Hospital

Best Multi-Use Project: 400 Beach Drive

Best New Development-Industrial: Port Ybor

Best Rehabilitation-Reuse: Centro Place Apartment Homes

Best Residential Deal: Grand Central

At Kennedy More than 200 people attended the awards ceremony at the Wyndham Westshore hotel in Tampa. Nearly 100 properties and projects were nominated for 2005.

24 print edition of the Tampa Bay Business Journal. A special insert section highlighting last year's winners and finalists is included in the Feb.

By: Dijon Wainwright

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http://www.realestateportal.org/article.php?story=20060224153230203