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PGIM Spins Off Tampa’s Tallest Tower
PGIM Real Estate sold 100 North Tampa, a 572,111-square-foot property. Commercial Edge reports the asset last traded in June 2007, when PGIM Real Estate acquired it from AIG Global Real Estate for $151.9 million.
The tower was completed in 1992 and was 83 percent leased at the time of sale. Among the tenants are Foley & Lardner, J.P. Morgan, Morgan Stanley and Cushman & Wakefield.
Formerly known as the Regions Building and the AmSouth Building, the 42-story tower was designed by HKS Inc. The high-rise underwent cosmetic renovations in 2013 and, more recently, a $21 million upgrade that included a new lobby and tenant lounge, as well as updates to the conference and fitness centers.
Other amenities at the property include a bank branch, sundry shop and dry cleaning, along with some 11,000 square feet of retail space. A JLL team led by Hermen Rodriguez represented the seller and procured the buyer.
- ◦Sale/Acquisition
