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Landmark Tampa office tower acquired in southeast market transaction
Transactions - JUNE 28, 2024

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Landmark Tampa office tower acquired in southeast market transaction

by RELEASED

JLL Capital Markets announced that it closed the sale of 100 North Tampa, a trophy office tower totaling 572,111 square feet in Tampa, Fla.

JLL represented the seller and procured the buyer.

Standing 42 stories, 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 percent leased by an established roster of long-term, blue-chip tenants with a 17.7-year WATT (weighted average tenant tenure). Additional onsite amenities include a concierge service, bank branch, sundry shop and car detailing.

100 North Tampa is in the heart of the Tampa CBD, which has experienced significant population growth of 11 percent since 2020 and 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.

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