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BioSpine inks headquarters deal in Tampa
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Apr 21, 2015

BioSpine Institute is moving its corporate headquarters into the heart of Westshore.

The company has signed a lease for 31,000 square feet of office space in Corporate Center Two at International Plaza. BioSpine's surgery center is in nearby Avion Park, where competitor Laser Spine Institute is under construction on a 176,000-square-foot corporate campus.

JLL Senior Vice Presidents Gary Godsey and Brent Miller represented BioSpine in the transaction. Ron Ruffner, senior vice president, and Clayton Sovich, vice president, of DTZ represented Corporate Center Two.

"We selected Corporate Center Two because it offers close proximity to our state-of-the-art surgery center in Tampa, allowing our patients to have quick and easy access to both locations,” Dr. James Ronzo of BioSpine Institute said in a written statement.

The transaction is a significant office lease in Tampa Bay, where the majority of office deals are less than 20,000 square feet. It also represents the first major win for Corporate Center since Parkway Properties Inc. (NYSE: PKY) bought the office properties in late 2014.

Parkway paid paid $238 million or $244 per square foot for Corporate Center One, Two and Three. The buildings are some of the most premier office space in the city, but they weren't feasible options under the previous ownership. Parkway bought the buildings from the family trust of a Saudi Arabian prince, a group that was not a very present landlord, by most accounts around the brokerage community.

Ashley Gurbal Kritzer is a reporter for the Tampa Bay Business Journal.



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