IP Capital Partners Selects Cushman & Wakefield to Lease Bayside Center

Bayside Center
Bayside Center

Mercedes Angell and Lauren Coup were Selected to Lease the Two-Building, Class A Office Campus in Clearwater

CLEARWATER, FL, February 28, 2018Cushman & Wakefield has been named exclusive leasing advisor for Bayside Center, a 215,267-square-foot, Class A office campus in Pinellas County.

The Cushman & Wakefield office leasing team of Senior Director Mercedes Angell and Director Lauren Coup were selected to lease the buildings on behalf of owner IP Capital Partners, LLC, which recently acquired the Bayside Center.

Bayside Center is comprised of two mid-rise office buildings and one parking structure. Building I, located at 17755 U.S. Highway 19, is a three-story, 46,505-square-foot office building developed in 1987. Building II, located at 17757 U.S. Highway 19, is a six-story, 168,762-square-foot, ENERGY STAR®-rated office building developed in 1994. An adjacent five-story parking garage with ±710 spaces is easily accessible from both office buildings via covered walkways.

Bayside Center offers a tenant conference room, an on-site cafe, building and pylon signage opportunities and on-site security and maintenance staff.

The campus’ location in eastern Pinellas County provides exceptional views of Old Tampa Bay and Cove Cay Golf Club as well as ready access to nearby restaurants, retail, hotels and the Clearwater/St. Petersburg Airport.

Bayside Center is currently 62% occupied. Availabilities range from 1,000 to 30,250 square feet. Notable tenants include United Development Systems, Commonwealth Capital Group, Northwestern Mutual, IAS and BayCare.

“Bayside Center offers users exceptional accessibility and visibility with its prominent location along U.S. Highway 19 inclusive of unmatched onsite amenities and a structured parking garage,” said Josh Procacci, Chief Investment Officer of IP Capital Partners, LLC. “This strategic location caters to the diverse, high-quality labor pool in surrounding Pinellas and Hillsborough Counties.”

Added Angell, “Bayside Center is one of the premier office locations in the highly desirable Bayside submarket. We anticipate significant user interest given the tightening local office market and absence of new office development in Pinellas County.”

About IP Capital Partners, LLC

IP Capital Partners, LLC is a private real estate investment and asset management firm headquartered in Boca Raton, Florida. IP Capital was formed to focus exclusively on co-investing with various institutional and high net worth joint venture partners in office, retail and industrial real estate in the major growth markets of Florida.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

Media Assets

Bayside Center Photo
Mercedes Angell Headshot
Lauren Coup Headshot