TAMPA, FL—Tampa City Center just traded for $128.125 million. One Tampa City Center, a joint venture between Carval Investors of Minneapolis and Mainstreet Capital Partners of Fort Lauderdale, FL sold the a 38-story office tower to Alliance Partners, the east coast operating arm of the Shidler Group, a commercial real estate investment, development, and management firm.

Cushman & Wakefield executive director Mike Davis, director Rick Brugge, executive director David Meline, and senior director Michael Lerner represented the seller. CushWake's Atlanta-based Equity Debt and Structured Finance Group arranged an acquisition loan on behalf of the buyer. GE Capital provided the senior debt.

“City Center is one of Tampa's most prestigious office properties, and it delivers unparalleled comfort, convenience and service in the heart of downtown Tampa,” says Davis. “This transaction is further proof that Tampa Bay's commercial real estate market has returned to health.”