Hugh Management Buys Edgewater Building (20,000 SF) in Tampa Bay

Reported Oct 21, 2026 · Source: Hoodline

Source: HoodlineRead the full report at Hoodline ↗

Deal details

Buyer
Hugh Management
Seller
Bay Villa Developers
Price
$5.4M
Size
20,000 SF
Price per SF
$270 per SF (our calculation)
Asset class
Office
Transaction
Sale
Sub-market
Tampa & Hillsborough County
Metro
Tampa Bay
Reported date
Oct 21, 2026

Summary

Hugh Management has acquired the Edgewater Building at 600 S. Magnolia Ave. in Tampa from Bay Villa Developers for $5.4 million, a deal that works out to roughly $266 per square foot for the three-story, 20,000-square-foot office property. The Edgewater Building's history stretches back a hundred years: it was originally constructed in 1924 as the Hotel Cargyle, according to Bay Villa Developers, before being converted into office space in 1994.

Summarized from the article; the quoted lines below are from the article itself.

Source: Hoodline

Read the full report at Hoodline. What the article says:

  • Deal / Price / Size / Buyer / Seller
    Hugh Management has acquired the Edgewater Building at 600 S. Magnolia Ave. in Tampa from Bay Villa Developers for $5.4 million, a deal that works out to roughly $266 per square foot for the three-story, 20,000-square-foot office property.
  • Deal
    The Edgewater Building's history stretches back a hundred years: it was originally constructed in 1924 as the Hotel Cargyle, according to Bay Villa Developers, before being converted into office space in 1994.

Article date: 2026-10-21T23:49:43.000Z

Frequently asked questions

Who bought Edgewater Building?
Hugh Management bought Edgewater Building in Tampa & Hillsborough County, Tampa Bay, according to Hoodline.
How much did Edgewater Building sell for?
The reported price is $5.4M ($270 per SF, our calculation), per Hoodline.
Who sold Edgewater Building?
The seller was Bay Villa Developers, per Hoodline.

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