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FOR IMMEDIATE RELEASE
ANDA GLOBAL AND FAIRLEAD COMMERCIAL REAL ESTATE (FCRE) ACQUIRE CLASS A SABAL VI OFFICE BUILDING ON
10.16 ACRES IN TAMPA’S I-75/EAST TAMPA BUSINESS DISTRICT
Tampa, Fla. – April 13, 2015 – ANDA Global Co., Ltd. in partnership with Fairlead Commercial Real Estate (FCRE), has
acquired Sabal VI, a two-story, Class A, 97,527-square-foot office building located at 3611 Queen Palm Drive in
Tampa, Fla. ANDA Global is an affiliate of ANDA Asset Management Co., Ltd., a leading asset management company
in Korea. The fully-leased property sold for an undisclosed price and was acquired through a partnership funded with
equity from ANDA Global and Fairlead's investment fund, Mandalay-FCRE Fund I.
Dale Peterson and Courtney Decker of CBRE’s Capital Markets Group and Donald Jennewein of CBRE’s Debt
Financing Group represented the seller.
“After buying several office assets in the Southeast U.S. over the past year, we are encouraged to see the strong
demographics, strong positive absorption, rent growth and stability continuing across Tampa,” said Jeff Shaw,
Fairlead CEO. “Sabal VI is a very stable asset purchased at significantly below replacement cost with excellent longterm tenancy that is arguably best in class for the submarket. The Sabal Park business center has truly been one of
the best historically performing areas in the I-75 Corridor.”
ANDA Global and Fairlead, together with ANDA Global's institutional investors in Korea, will be seeking to acquire
additional industrial and office assets over the next 18 to 24 months in the Southeast U.S. and Texas, according to
John Ward, chief investment officer of Fairlead. Sabal VI is the eighth office property acquired over the last year and
the third office building acquisition in Tampa for Fairlead and its partners. Fairlead acquired the 19-story Fifth Third
Center in downtown Tampa and the Westshore 500 building in 2014.
About Fairlead Commercial Real Estate (FCRE)
Fairlead Commercial Real Estate is a privately held, full-service commercial real estate investment and operating
company specializing in fund investment, fund management, acquisitions, asset management, investment sales,
property management, property leasing, construction management, and development. Headquartered in Atlanta,
Ga., with locations in Florida, Hong Kong, and Singapore, Fairlead’s principals average 20 years of relevant operating,
development, and investment experience in commercial office, retail, medical and industrial throughout the United
States and Asia. The firm’s principals bring a combined experience of 27.5 million square feet in acquisitions, 7.7
million square feet in development, 27.6 million square feet in property management, 23.5 million square feet in
asset management, and 28.7 million square feet in leasing for both personal investments as well as for high net
worth and institutional owner investments over the past two decades.
FCRE’s current portfolio includes commercial office, industrial, retail and development projects. These projects
include 3.7 million square feet in acquisitions, 6.4 million square feet in development, 2.3 million square feet in
property management, 2.3 million square feet in asset management, and 8.7 million square feet in leasing oversight.
The firm is focused on commercial investment assets that match both its clients and the firm’s desire to invest in
opportunities that Fairlead locates and invests in desired target markets that make superior returns.