Castille at Carillon

Property Overview

Foundry Commercial’s Investment Advisory Group (“IAG”), as exclusive advisor, is pleased to present to qualified investors the opportunity to acquire Castille at Carillon (the “Property” or “Buildings”), a two-building Class “A” office complex spanning 104,897 square feet situated in Tampa Bay’s coveted Carillon Park (the “Park”). This boutique asset is currently 92.7% leased to a diverse tenant roster of 21 tenants.

With an average suite size of 4,126 SF, the Property caters specifically to smaller, front office occupiers which command premium rental rates compared to “commodity” suburban office. Furthermore, current ownership has completed over $1.8M in capital across the Property since 2020, including Lobby & Common Area renovations, RTU Replacements, Garage Lighting and Surfacing improvements, and Building Exterior improvements.

Situated within Pinellas County’s Gateway submarket, Castille at Carillon offers a central location with convenient access to Tampa, St. Petersburg, and Clearwater, and is just 3 miles from St. Pete-Clearwater International Airport. This connectivity enables employers within Carillon Park to draw from a broad labor pool across the Tampa Bay region.

The Carillon Park features some of Tampa Bay’s largest employers including the world headquarters for Raymond James Financial, BayCare Health Systems, Franklin Templeton Investments, General Dynamics, WeBull Financial, Valley National Bank, McKinsey & Co., and Accenture.

The desirability among major employers as a business location continues to be enhanced by the park’s ongoing developments. Since 2020 the Park has welcomed the phased delivery of Echelon City Center, a 20.5-acre mixed-use project that currently features a Publix shopping center, 1,063 Class “A” multi-family units, and 45,000 SF of retail making it the Park’s focal point for visitors and residents. Located just south of Echelon City Center, TopGolf opened its second location within the Tampa Bay region in June 2023. This opportunity provides investors with an asset that is protected from “back office” obsolesce in a live-work-play environment. The purchase price of the asset is expected to trade at a fraction of replacement cost.

For more information, please visit the Property website at www.CastilleatCarillon-NFLIAG.com.