A 31 story trophy office tower rising along the Hillsborough River with sweeping views of downtown Tampa, complemented by an attached 5 story ancillary office building and 735 covered parking spaces.

A compelling entry point at $181 per square foot, a substantial discount to replacement cost and significantly below recent sale comparables, creates a distressed acquisition opportunity in one of Florida's fastest growing urban markets.

In 2024, an award winning $18M renovation transformed the asset: an activated lobby with integrated dining, modernized elevators, enhanced common areas, and a first class fitness center and conference facility.

With average in place rents 30% below market and lease structures converting to NNN, the property is positioned for meaningful rent growth and stabilization toward 88% occupancy at a targeted Year 4 exit.

Strategy:

Value Add

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Property Type:

Office

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Hold Period:

4 Years

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