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Park Tower: Outstanding Building of the Year

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  • | 4:25 p.m. February 11, 2014
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TAMPA — Park Tower in downtown Tampa has been named The Outstanding Building of the Year (TOBY) by the Building Owners and Managers Association (BOMA) of Greater Tampa Bay. The 36-story office building was honored in the 250,000- to 499,999-square-foot range.

The TOBY Awards were created in 1985 to recognize excellence in office building operations and building management.

Park Tower's owner Sterling American Property recently completed several energy efficiency renovations on the property. It installed two 750-ton, high-efficiency chillers, 5,600 high-efficiency light fixtures, a specialized energy-management system, new electric transformers for each floor, a new fire panel and rewired the entire building.

Sterling American Property says it has invested more than $11 million in Park Tower, formerly known as the Lykes Building, since it bought the building in 2006. One of the oldest buildings in downtown Tampa, Park Tower is one of only two buildings in Florida to receive a 99% Energy Star rating.

Matt Harvey, vice president of asset management for Sterling American Property, says the decision to make Park Tower more energy efficient follows similar improvements at other LEED Silver and Gold projects led by Sterling American Property in San Francisco, Chicago, Philadelphia and Sacramento.

Anchored by BB&T, the 40-year-old building also houses the United States Attorney's Office for the Middle District of Florida, Nestle and E Solutions.

Park Tower now advances from the local TOBY Awards competition to the Southern Regional competition, which will be held in March.

Sterling American Property, directly and through the Sterling American Funds, has acquired, developed or co-developed 25.2 million square feet of office space, 8.7 million square feet of retail and 65,000 residential units as well as mortgages in 43 states.


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