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Alliance Partners HSP LLC purchased the real estate of the 39-story Tampa City Center in two deeded transactions totaling $117.73 million.
LOCATION: 107-201 N. Franklin St., Tampa
PURCHASE DATE: Oct. 29
TRANSACTION AGENTS: Mike Davis, Rick Brugge, David Meline and Michael Lerner of Cushman & Wakefield
PRICE PER SQUARE FOOT: $157 ($171 including nontaxable intangibles)
PREVIOUS PRICE: $87.8 million, September 2006
DETAILS: The total acquisition cost for the property, including nontaxable intangibles such as building equipment and leases, was $128.13 million.
Built in 1981, the 749,035-square-foot office tower was downtown Tampa's largest building until 1986. It is currently downtown's second-largest office building, behind Netpark Tampa Bay.
The building is directly connected to the city-owned 2,523-space Fort Brooke garage and has a walkway “Skybridge” to the Hilton Tampa Downtown hotel.
Tenants include Cushman & Wakefield, Merrill Lynch, University Club, Bank of Tampa, Florida Bank, Ernst & Young, PNC Bank, Verizon and Northwest Mutual Insurance Co. The occupancy at the time of the sale was 86.5%.
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