Acquisition Of Historic Office Building In Downtown Tallahassee

Tallahassee, FL – July 5th: Beck Partners, a regional commercial real estate and insurance firm, announces the sale of the Florida Press Association building in downtown Tallahassee located on 336 E College Avenue.

Fletcher Dilmore of Beck Partners represented College336, LLC (an affiliate of Bayfront Capital Partners, LLC) as the buyer of the property. Bayfront Capital Partners, LLC is a boutique investment company based in Pensacola, Florida who specializes in value-add office and retail investment opportunities. Mr. Dilmore, a graduate of Florida State University’s real estate program, has also been retained as the exclusive leasing agent for the property.

“With such considerable history and strong urban location, we believe 336 College provides an opportunity for significant value creation,” states Justin Beck, Partner of Bayfront Capital Partners, LLC. “We seek extremely well-located properties in urban environments where we can implement our value-add strategies. Downtown Tallahassee is a great place for this.”

Bayfront took into consideration the location, potential of the property and what the market really needs to flourish. Beck Partners was chosen to handle the leasing and property management because of their unique and innovative operation and management platform.

This building has been home to many journalists, famous press conferences, and the Florida Capitol Press Corps that reported on the many happenings at the state capital. As the media industry has evolved, this property has also evolved into an office building serving entrepreneurs in technology, media, advocacy, and hospitality. One of the goals is to create a dynamic place for all of these industries to thrive.

Beck Partners plans on moving their office into the building because of their expansion needs of their own with a growing commercial real estate and property management team. They have been utilizing the young talent of FSU to grow this team of fearless real estate professionals. It also gives them an advantage in managing the asset.

“This building really cements our place in Tallahassee and provides us the opportunity to invest more into this extraordinary city,” states Fletcher Dilmore, Sales Associate at Beck Partners. “I am both fortunate and proud of having an opportunity to be involved with such a phenomenal property as this so early in my career.”

There are several capital improvements planned for the building to bring new life for the tenants and visitors. These include new windows, paint, elevator improvements, bathroom renovations, and technology upgrades. The Tallahassee community can expect to see more affordable office space that the area is in definite need of and added value to the building to bring it to its optimal potential.

“What the Tallahassee community can expect to see with this new acquisition is affordable rent in a newly redeveloped and improved quality asset in the Downtown market,” states Stacy Taylor, Partner of Bayfront Capital Partners, LLC.

The full story and video can be found here. Contact Maggie Whittemore at mwhhittemore@teambeck.com or 850.477.7044 for any questions.

About Beck Partners: The only firm offering Real Estate, Property Management, and Insurance
services in the Gulf Coast that is passionately engaged in our clients’ businesses and ours. Our unique combination of integrated services allows our team to collaborate openly, share ideas and provide critical solutions with speed and efficiency.

Connect and protect: it’s what we do. Beck Partners creates innovative partnerships to forge successful futures. We do this with our fearless, agile, smart and transparent team of experts dedicated to our clients and their communities.

For more information visit www.TeamBeck.com.

About Bayfront Capital Partners, LLC: This boutique private real estate investment firm focuses on value-add and core plus investment strategies across the Southeastern United States. The firm is led by co-founders Justin Beck and Stacy Taylor. They are innovative investors in the region and bring substantial expertise in commercial real estate.