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Transactions - NOVEMBER 11, 2019

Olympus Property acquires Icon Harbour Island in Tampa

by Released

Olympus Property has acquired Icon Harbour Island in Tampa, Fla.

Effective immediately, the asset will be renamed Olympus Harbour Island. Completed in 2017, Olympus Harbour Island is a Class-AA luxury high rise community located on the prestigious Harbour Island just south of downtown Tampa.

Olympus Harbour Island's ultra-upscale location was voted the number 1 ranked neighborhood to live in Florida based on lifestyle, schools, and employment according to Niche.com.

"Olympus Harbour Island is one of the highest quality assets located in one of the most premier locations in the southeast. This is a deal we are comfortable owning for a very long period of time," said Chase Bennett, director of acquisitions at Olympus Property.

Nearby development projects include Water Street, a $3 billion mixed-use development backed by Bill Gates and Tampa Bay Lightning owner Jeff Vinik. Located within a 5-minute walk from the property, Water Street, is a nine million square foot project that will total 53 acres and 18 different buildings once complete. The development will be recognized as one of the most prominent business parks in the country. The Tampa Bay River walk, a 2.6-mile scenic trail, is also in walking distance from the property and includes a variety of restaurants, parks, and entertainment venues further enhancing the resident experience.

There are six Fortune 500 companies headquartered in downtown Tampa including Raymond James Financial, Tech Data, Jabil Circuit, Publix, HSN, and Mosaic. In addition, the pharmaceutical giant Johnson and Johnson has recently relocated their corporate service headquarters to Tampa. These employment drivers offer access to approximately 39,000 jobs within two miles of the property.

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