Tampa, FL (July 15, 2026) – European Equities is pleased to announce the $1 million acquisition of Building 120–128 at Pennington Professional Park, a 3,979-square-foot office property located at 5111 Ehrlich Road in Tampa, Florida.
The property features a flexible layout designed to accommodate a variety of professional and service-oriented users. Current tenants include Jachimek Wellness Center, a State Farm Insurance agency, and Alexander’s Alterations & Tailoring.
Located in the highly desirable Carrollwood/Northdale area, the property benefits from strong surrounding demographics, with more than 190,000 residents within a five-mile radius. The surrounding area includes CES Academy of Tampa, Publix, CVS, McDonald’s, KFC, Chase, EōS Fitness, Dunkin’, The Home Depot, Target, Walmart, Whole Foods Market, Daiso, and Sam’s Club.
The property also benefits from Tampa Bay’s diverse economic base, which includes finance, technology, tourism, construction, logistics, and distribution. Tampa is home to Florida’s largest seaport, Port Tampa Bay, and is supported by Tampa International Airport and an extensive regional highway network. This infrastructure has helped establish the Tampa Bay market as a major distribution hub for companies including Amazon and Coca-Cola.
“We are excited to add the Pennington Professional Park building to our portfolio,” said David McComas, CEO of European Equities. “This acquisition represents a strong opportunity to enhance a well-located asset and deliver long-term value for both tenants and the surrounding community.”
European Equities is a full-service boutique real estate development company. Through its affiliated brokerage, construction, and property management companies, European Equities provides comprehensive services throughout the life cycle of a project, including project conception, acquisition, planning and development, construction, leasing, property management, and ultimately divestment.
Based in Clearwater, Florida, European Equities has provided its bespoke real estate services throughout the United States for nearly 25 years. For additional information, contact European Equities at 727-723-3771 or info@europeanequities.com.