(Carl Cronan is editor of Real EstateFlorida.)
TAMPA, FL-Cushman & Wakefield of Florida has been awarded exclusive marketing and leasing rights to SunTrust Financial Centre, an iconic office tower in the city's central business district. The 36-story class A building is jointly owned by Macquarie Office Trust and the Stiles Corp.
"This is truly one of the top properties in the Southeast," says Andy May, executive director of Cushman & Wakefield's Tampa office. "We think tenants consider it one of the most, if not the most, desirable office addresses in Tampa."
May and fellow C&W office brokers Barry Oaks and Bill Reeves will be in charge of leasing out the 527,000-sf building, which is now 91% occupied. Australia-based Macquarie and Fort Lauderdale-based Stiles jointly acquired the building a year ago for $117.5 million.
SunTrust Financial Centre, which opened in 1992 at 401 E. Jackson St., is Downtown Tampa's fourth-largest office tower and is widely recognized by its distinctive ziggurat, which can be lit in varied colors for special occasions. Tenants include SunTrust Bank, Hapag-Lloyd, 22Squared and Ernst & Young.
Cushman & Wakefield takes care of marketing and leasing for numerous office properties throughout Tampa. It handles similar duties at one other Downtown Tampa building, the 31-story Rivergate Tower.
In related news, Cushman & Wakefield finalized the $7.6-million sale of Fairway Oaks Shopping Center, a 79,283-sf retail property in Hudson, to Atlanta-based Forge Capital Partners by Case Pomeroy Properties of Jacksonville. C&W brokers Karl Johnson in Jacksonville and Patrick Berman in Tampa represented the seller.
Also, C&W handled the $3.8-million sale of a 50,000-sf warehouse at Orlando Central Park to Director's Row LLC by Southland Florida Properties. Susan Ruby of C&W's Orlando office represented the seller.
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