Ally Capital Group Spends $18M for Five-Building Office Collection in Clearwater

Tampa, FL-based Ally Capital Group has completed its $18-million ($133 per square foot) acquisition of Bay Vista Gardens I & II, a single-story flex five-building office portfolio in Clearwater, FL.

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Bay Vista Gardens I & II totals 135,221 square feet amid its five buildings on Rio Vista Drive. The office portfolio was more than 94% leased at the time of sale by tenants in the technology, legal, engineering and research industries.

Bay Vista Gardens I & II is located within the 20-building Bay Vista Business Park.

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Ally Capital Group Spends $18M for Five-Building Office Collection in Clearwater - Connect CRE (connectcre.com)