Cousins Properties has acquired Heights Union, a 294,000-square-foot office property in the historic Heights neighborhood of downtown Tampa, Fla., for $144.8 million.
The Heights is a unique live-work-play district that has emerged as one of Tampa's signature gathering spots. It serves as the northern terminus for the 2.6-mile Tampa Riverwalk that runs alongside the Hillsborough River. The district is anchored by Armature Works, an adaptive re-use of the former Tampa streetcar facility, which includes more than 20 restaurants and bars.
Heights Union was competed in late 2020 and is currently 93.4 percent leased, with life sciences customers representing 66 percent of the rent roll. Pfizer leases 106,000 square feet for a Global Capability Hub and Axogen leases 75,000 square feet for its second headquarters and lab space.
"Heights Union represents a compelling opportunity to acquire a unique property in an emerging submarket with an outstanding rent roll," said C
