Park Tower could be the last of an era (for now) in Tampa

Tampa has had some notable office sales during the past two years, capped by the December 2015 trade of the Bank of America Plaza for $193.5 million.

But with the roughly $80 million sale earlier this month of the 36-story Park Tower building, at 400 N. Tampa St., that era may have ended.

“It could be the last major downtown or central business district sale this cycle,” says John F. Gerlach, a Colliers International Tampa Bay managing director who represented seller Sterling Equities and PT Associates LP in the sale to City Office REIT, Feldman Equities and Tower Realty Partners.