CIM Group Closes $175M Loan for 42-Story Office Tower in Downtown Tampa
A fund managed by CIM Group has closed a $175 million whole loan to an affiliate of Banyan Street Capital and funds managed by Oaktree Capital Management, L.P., for Bank of America Plaza, a 42-story Class A office tower in downtown Tampa, FL.
Built in 1986 and renovated in 2018, Bank of America Plaza spans two city blocks making it one of the largest office developments in the Southeast US. The property consists of a 795,944-square-foot office tower and an adjacent 1,260-space parking structure that is connected to the property by a covered, climate-controlled skybridge. The building features a newly renovated lobby, full-service fitness center, tenant business lounge and conference facility.
The asset is located on Kennedy Boulevard at the corner of North Tampa Street and East Kennedy Boulevard in the heart of Tampa’s Central Business District. It is Energy Star rated and meets LEED Gold standards.
- ◦Financing