MIAMI (Jan. 24, 2022)–Torose 6302 LLC, a joint venture between Torose Equities, Merrimac Ventures and Linkvest Capital, announced the acquisition of Interstate Corporate Center, an approximately 350,000 square-foot office complex located at 6302 E. Dr. Martin Luther King Jr. Blvd. in Tampa, FL, for $31 million. The seller was B&L Investments Interstate, LLC. Closing took place Jan. 18th.

The building was originally constructed in 1984 and renovated in 2018. The complex is currently approximately 80 percent leased to 11 tenants including Hillsborough County School Readiness Coalition, Inc., Ashley Furniture Industries, Inc., HealthPlanOne, LLC, and Florida Department of Revenue Child Support Services, among others, with the largest tenant, Concentrix CVG Customer Management Group, Inc., occupying 81,134 square feet.

Situated on nearly 50 acres, Interstate Corporate Center is conveniently located six miles southwest from Downtown Tampa’s major central business district at the northern quadrant of East Dr. Martin Luther King Junior Boulevard or Interstate 4 and East Chelsea Street. The property offers easy access to all major freeways and roadways, including Interstate 75, U.S. Highway 301, Interstate 4, and Lee Roy Selmon Crosstown Expressway.

For more information or for leasing opportunities, visit www.linkvestcapital.com.

About Linkvest Capital

Linkvest Capital is a Miami-based alternative co-investment platform with financing, acquisition, and development entities. And to date has invested over $1 billion in alternative investments. The firm has built a team of trusted professionals dedicated to identifying, analyzing, structuring, operating, and co-investing in alternative opportunities for investors, institutions, partners and the Linkvest team. LV Lending, the firm’s private financing affiliate, focuses on real estate business and investment mortgage loans on residential and commercial properties. The company has a current portfolio close to $300 million and has serviced more than 550 bridge loans for over $800 million in Florida and Georgia. Linkvest Properties focuses on commercial real estate acquisitions that has invested more than $100 million since its establishment in the southeast United States region and operates a portfolio of over $25 million. LV Development has co-invested over $100 million in partnerships with real estate developers on multifamily and mixed-use projects in Florida. Currently, LV Development has participated in more than 20 real estate development projects, two of which were completed in 2020 and sold in 2021. The rest will deliver more than 3,000 apartments and more than 140,000 square feet of commercial space in the next three years. For more information, visit www.linkvestcapital.com.

About Torose Equities

Led by seasoned real estate veteran Scott Sherman, Torose Equities is a Miami-based real estate investment firm with a value-add urban retail, office and mixed-use strategy targeting the Southeastern United States.  Some of the team’s most high-profile acquisitions in the past five years include the former Palm Beach Post site in West Palm Beach; Cube Wynwood office building; Offices at Atria in Downtown Sarasota; and a portfolio of properties in Downtown St. Petersburg. The team is also partnered on several notable mixed-use developments including The Dorsey in Wynwood in a joint venture with Related and Alex Karakhanian. For more information, visit https://toroseequities.com.

About Merrimac Ventures

Merrimac Ventures is a Real Estate investment and development firm located in Fort Lauderdale, FL. Led by Ramola, Nitin and Dev Motwani, the firm’s primary focus is on prime resort and mixed-use development but also has extensive investments in multi-family residential, condominiums, retail and office. While Merrimac Ventures began its journey in South Florida, it has substantially expanded its holdings into a national footprint. Partners in Merrimac Ventures are currently involved in over $3 billion in real estate development projects, which are transformational, building communities and advancing cities. Under the guidance and direction of Dev and Nitin Motwani, Merrimac Ventures continues to expand its footprint beyond Florida, amassing holdings throughout the mid-Atlantic and southern states. Their strategic vision and dedication to excellence has positioned the company for success long into the future. For more information, visit https://merrimacventures.com.