Landmark Tampa office tower acquired in major southeast market transaction

MIAMI, June 26, 2024 -  JLL Capital Markets announced today that it closed the sale of 100 North Tampa, a trophy office tower totalling 572,111 square feet in Tampa, Florida.

JLL represented the seller and procured the buyer.

Standing 42 stories tall, 100 North Tampa is the tallest office building in the city and recently underwent a $21 million renovation, including a new lobby, tenant lounge and updates to the conference and fitness centers. The property is 83% leased by an established roster of long-term, blue-chip tenants with a 17.7-year WATT (weighted average tenant tenure). Additional on-site amenities include a concierge service, bank branch, sundry shop and car detailing.

100 North Tampa is located in the heart of the Tampa CBD, which has experienced significant population growth of 11% since 2020 and as such is home to more than $2 billion of ongoing and recently completed commercial real estate developments, including The Pendry Hotel and Residences, immediately adjacent to 100 North Tampa.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Director Hermen Rodriguez, Managing Director Ike Ojala, Senior Directors Matthew McCormack and Robbie McEwan, Associates Blake Koletic and Max Lescano and Analyst Hunter Smith.

"Tampa is a thriving business location and this offering attracted high profile national investors," said Rodriguez.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL's newsroom.