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Progressive Riverview South

3 Office Properties in Riverview, FL

Investment Highlights

  • "Main & Main" Infill Location Dynamics
  • Attractive Future Land Use Designation
  • Plethora of Nearby Retail Amenities
  • Generational Redevelopment Opportunity
  • Established Business Park Setting
  • Regional Connectivity Throughout West Florida, Interstate 75 & U.S. Highway 301 Exposure

Executive Summary

CBRE Capital Markets, as exclusive advisor on behalf of Ownership, is pleased to offer for sale the 100% fee simple interest in Progressive Riverview South (the “Property”, “Campus” or “Buildings”), a Class A, 310,940 SF headquarters campus spanning ±66 acres fronting Interstate 75—West Florida’s primary north-south thoroughfare. Originally developed by Towermarc Corporation in 1998 as a built-to-suit for Progressive, the Campus has served as the corporation’s 2nd largest customer service center outside of its flagship Cleveland-based headquarters campus for over 25 years. Nestled within Crescent Business Park along Tampa’s I-75 Corridor, the Property offers proximity to a plethora of retail & residential destinations along U.S. Highway 301, Falkenburg Road, Causeway Boulevard, and State Road 60. Furthermore, the Property affords exceptional regional connectivity with immediate access to the U.S. Highway 301/Interstate 75 interchange to the south and U.S. Highway 301/Selmon Expressway interchange to the north. Upon closing, Progressive will consolidate its Riverview operations into the neighboring standalone office building (“Riverview Campus North”), thus providing a premier corporate headquarters solution for expanding businesses either local or new to the region, or a developer seeking a generational redevelopment opportunity within one of the hottest MSAs in the United States.

Property Facts

Sale Conditions
Bulk/Portfolio Sale
  • High Vacancy Property
  • Redevelopment Project
Sale Type Investment or Owner User
Status Under Contract
Number of Properties 3
Individually For Sale 0
Total Building Size 310,940 SF
Total Land Area 243.44 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Bldg C
4040 Crescent Park Dr, Riverview, FL 33578
Office 121,318 SF 1998 -
Bldg A
4030 Crescent Park Dr, Riverview, FL 33578
Office 120,295 SF 1998 -
Bldg B
4020 Crescent Park Dr, Riverview, FL 33578
Office 69,327 SF 1998 -
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  • Listing ID: 32173862

  • Date on Market: 6/18/2024

  • Last Updated:

  • Address: Progressive Riverview South, Riverview, FL

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