Landmark Tampa office tower acquired in major southeast market transaction
JLL Capital Markets led the sales efforts for the 572,111 SF 100 North Tampa in the heart of Tampa’s CBD
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.
“100 North Tampa is an iconic officer tower in one of the country’s fastest-growing cities, benefiting from its prime location, recent renovations and unrivaled amenities,” said Rodriguez. “Quality office assets such as 100 North Tampa continue to garner significant interest from a diverse group of national and local investors.”
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.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.