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Ally Capital Pays $123M for Tampa Office Complex

Ally Capital Group has paid $123 million for Urban Centre, a two-building office complex totaling 548,054 square feet in Tampa, Fla., according to Tampa Bay Business Journal. The buyer purchased the Westshore asset, as well as the adjacent seven-story parking garage, from Starwood Capital Group. Valley Bank provided financing for the acquisition.

The new owner plans to replace the previous property manager, JLL, with Franklin Street. The buildings were 88 percent leased at the time of sale.

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