New owner plans major renovations to Tampa office structure

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1120
4904 Eisenhower Blvd.
Google Street View image of 4904 Eisenhower Blvd.

The purchaser of a thee-story office building in Tampa plans some significant renovations.

“To be rebranded The Bridge, upgrades planned for the building include a complete overhaul and modernization of the lobby, a new state-of-the-art fitness center, significant work to the landscape and façade at the entry of the building, and, most uniquely, the creation of an outdoor oasis to work, relax or play in the rear of building, complete with water features and the activation of The Bridge’s own private island,” broker Avison Young says in a May 31 statement.

New York real estate investor Sason recently purchased the 98,105 sq. ft. structure at 4904 Eisenhower Blvd., the broker says.

“For the past several years, we’ve successfully maintained the leasing and management of the property, which is currently 100% occupied, on behalf of previous ownership,” said Clay Witherspoon, principal and managing Director of Avison Young’s Tampa operations. “With some leases set to expire this fall, the perfect opportunity arose for the Sason to purchase the asset and plan a significant capital improvement program that will allow us to increase rental rates to north of $30 per sq. ft.”

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