Dilweg Inks Lease at Tampa Office Campus
The Dilweg Cos. has signed a 15,541-square-foot lease with Qualifacts at WestLake Corporate Center, a two-building Class A office campus totaling 179,966 square feet in Tampa, Fla. JLL negotiated on behalf of both parties.
The company, a leader in electronic health records and data solutions for behavioral health and human services organizations, will be located at the 90,531-square-foot WestLake Corporate Center I, where it will establish one of its main offices in the country. Move-in is scheduled for October this year.
The current ownership picked up both three-story assets in 2017, in an $101 million portfolio deal from seller Osprey, according to CommercialEdge. The same source shows that in 2018 the office properties became subject to a portfolio loan totaling $41.7 million, originated by PNC Bank.
WestLake Corporate Center I is an office building is at 9119 Corporate Lake Drive. Originally completed in 1999, the property includes two passenger elevators and 509 vehicle parking spots. Westlake Corporate Center II is at 9009 Corporate Lake Drive dates back to 2001. The 89,435-square-foot building includes 29,400-square-foot floor plates, two passenger elevators, first-floor retail space and 571 vehicle parking spots. Under Dilweg Cos.’ ownership, the two-building campus underwent significant improvements and renovations, such as upgraded HVAC systems, elevators and roofs.
The approximately 14-acre office campus is close to multiple bus stops and retail options, while being 6 miles from Tampa International Airport, 12 miles from downtown Tampa, 20 miles from Clearwater, Fla. and within 31 miles of St. Petersburg, Fla.
The JLL team that worked on behalf of Qualifacts included Executive Managing Director Caleb Lewis and Vice President Brad Knop, while the company’s Executive Vice President Jim Moler, Senior Vice President Deana Beer and Vice President Hans Kaunath represented the landlord.
Tampa’s low office vacancy rate
As of June, Tampa’s office vacancy rate clocked in at 13.3 percent, below the national figure of 18.1 percent, according to a recent CommercialEdge report. Across Southern markets, Tampa had one of the lowest rates, with Orlando’s reaching 15.6 percent, Austin at 22.9 percent and Miami leading with 12.0 percent.
In March, JLL was tapped as exclusive leasing agent at RD Management’s 100-acre mixed-use, multi-story urban development in Tampa’s Uptown District. The brokerage was appointed to handle leasing at the project’s healthcare, life science and office spaces.
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