Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $29.5 million in financing for TriPointe Plaza, a 71,721-square-foot, Class A office and retail mixed-use property in Tampa, Florida.

HFF worked on behalf of the borrower, Cardinal Point Management to secure the five-year, fixed-rate loan through a national life insurance company. Initial loan proceeds were used to acquire the property with the future proceeds going to fund the construction and interior build-out of a rooftop restaurant/lounge area.

TriPointe Plaza is located at 4488 Boy Scout Boulevard in the Westshore District of Tampa, just south of International Plaza Mall and Tampa International Airport. This location has frontage and visibility along Boy Scout Boulevard, which boasts a traffic count of more than 50,000 vehicles per day. Completed in 2008, the property consists of a four-story Class A office building with a 374-space structured parking garage plus 15,005 square feet of in-line retail space on the ground floor and a freestanding 10,008-square-foot Eddie V’s Prime Seafood & Steaks restaurant constructed in 2013. The 90-percent-leased office component is anchored by a drive-through Synovus Bank branch, BNY Mellon, TD Ameritrade and Sharp Electronics. Additionally, the borrower has plans to construct a 10,500-square-foot rooftop restaurant/bar space on the top level of the parking garage that will boast panoramic views of Tampa Bay, Westshore and Downtown Tampa. Upon acquisition, Cardinal Point Management will begin a leasing campaign to identify a restaurant/lounge concept for this space.

The HFF debt placement team representing the borrower was led by managing director Chris Drew and associate director Brian Gaswirth.

HFF’s debt placement group recorded $18.031 billion in 604 closed transactions through the first half of 2016, an increase of 2.1 percent from first half 2015.

About Cardinal Point Management

Cardinal Point Management is a well-capitalized and highly-experienced investment management firm with an institutional background. Based in Tampa Bay, the firm is focused on value-add commercial and residential investment and property management throughout the state of Florida. Cardinal Point seeks enhanced risk-adjusted returns by identifying dislocations in the capital markets and opportunistic situations in commercial and residential real estate. Cardinal Point subsequently seeks to make investments in these “value-add” opportunities where the firm’s property management, asset management, and brokerage platform is a key cornerstone of successful strategy execution. Sample investments in the Tampa Bay region include the Slade in Channelside, Riverside at Telecom Park, a 440,000 SF office portfolio in Carillon, and the Shops on South Howard. Learn more atwww.cardinalpointmanagement.com.

About HFF

HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.