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Iconic Tampa City Center Trades for $110M

A partnership between Miami-based Banyan Street Capital and Oaktree Capital acquired Tampa City Center, a 38-story, 757,425-square-foot office tower in downtown Tampa, FL for $110 million. The Class A asset was sold by Bryn Mawr, PA-based Alliance Partners HSP.

The office tower at 201 N. Franklin St., is roughly 95% leased with notable tenants including Ernst & Young, Deloitte, Masonite, Morgan & Morgan, FieldCore (a division of GE), CDW and PNC Bank. The 38th floor is occupied by The University Club, a business and social dining facility.

Cushman & Wakefield’s Mike Davis, Rick Brugge and Michael Lerner represented the seller. Cushman & Wakefield’s Jason Hochman, Chris Lentz, Michael Ryan and and Brian Linnihan assisted the buyer in securing an $84 million loan to acquire the property. The loan from HSBC Bank includes proceeds at acquisition, plus future funding for capital improvements to the building and tenant improvement costs.

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Read more at Business WireConnect with Cushman & Wakefield’s Davis

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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