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CBRE and Ciminelli offices in Tampa are relocating

CBRE move reflects its focus on supporting hybrid spaces

Commercial real estate brokerage CBRE has announced signing a lease for 17,455 sq. ft. of space at the Heights Union development in Tampa. The company, which has been occupying 101 East Kennedy Boulevard, says the move will take place in the second quarter of 2023. 

The Heights Union mixed-use development property on North Tampa Street was completed in 2021. The portfolio includes two 150,000-sq. ft. office buildings with a parking garage.

CBRE will occupy the ground floor and a 1,500-sq. ft. private outdoor space which will have power, WiFi and seating arrangements.

This project is part of CBRE’s Workplace360 program, the company’s “long-standing approach to workplace strategy for its corporate offices.” It also endorses its “Future of Work” standards, which focuses on technology spanning across collaborative spaces and supports hybrid working. 

Another commercial real estate firm in Tampa, Ciminelli Real Estate Services, is making a similar move, relocating from its current office to Westshore Business District. Ciminelli occupied its current office since March 2013. 

The firm’s new location is a three-story office building is worth $8.73 million and has been renamed it as 4100 Kennedy from its previous name The Venture Center.

In other recent proptech news, Blackstone’s Home Partners of America will pause its purchase of single-family homes in 38 regional markets in the U.S. and will continue to buy homes in more than 20 hot housing markets across the country. JPI, Texas-based multifamily real estate developer and investment manager also announced a joint venture with multifamily-focused investment companies Madera Residential and WayMaker.

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