TAMPA, FL—Fifth Third Center has traded hands for the second time in 10 years. Terrace Tower Tampa sold the class A 281,187-square-foot landmark office building in Downtown Tampa for an undisclosed sum. Terrace paid $52 million for the asset in 2005, Hillsborough County property records show.
The Tampa-based CBRE team representing the seller included Dale Peterson, Anne-Marie Ayers, and Courtney Decker. The asset is located at 201 East Kennedy Boulevard in Tampa, FL.
“Fifth Third Center is exceptionally positioned for stable, long-term income growth and value appreciation,” says Peterson, a senior vice president at CBRE. “It is one of Tampa's premier office assets and has been impeccably maintained with no significant near-term capital requirements.”
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