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Business Observer Friday, Sep. 29, 2017 4 years ago

SPP taps brokerage for Water Street tower

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Don't be surprised if Strategic Property Partners, the joint venture between Tampa Bay Lightning owner Jeff Vinik and Bill Gates' Cascade Investment LLC, taps commercial real estate brokerage firm JLL to lease the new office tower that will be one of the centerpieces of the $3 billion project.
by: Kevin McQuaid Commercial Real Estate Editor

Don't be surprised if Strategic Property Partners, the joint venture between Tampa Bay Lightning owner Jeff Vinik and Bill Gates' Cascade Investment LLC, taps commercial real estate brokerage firm JLL to lease the new office tower that will be one of the centerpieces of the $3 billion project.

JLL apparently won out in a competition that included rivals CBRE and Cushman & Wakefield, among others.

Neither SPP not JLL would comment. SPP says it expects to unveil details regarding the planned tower — which could total 700,000 square feet — in the coming weeks.

Late last month, SPP unveiled a rendering and details regarding 10 Water St., a planned four-star, 500-room hotel scheduled to break ground early next year and be completed in 2020.

Although SPP has yet to publicly discuss the flag for the 26-story hotel, it is widely believed it will carry the JW Marriott upscale brand from Marriott International Inc.

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