RICHMOND, Va: Lingerfelt CommonWealth Realty Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, today announced the acquisition of Buschwood III, a 78,453 SF class A office building in Tampa, Florida.
Buschwood III, located at 3350 Buschwood Park Drive, is within the Northwest submarket in suburban Tampa. The two-story office building recently received a substantial renovation and is approximately 86% occupied under long-term leases to a diverse group of credit tenants.
Lingerfelt CommonWealth will operate the office building via its vertically integrated operating platform. Commonwealth Commercial Partners, the Company’s property management affiliate, will handle all aspects of the day-to-day asset and property management.