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.

Strategic Property Partners unveiled plans for three new projects as part of the ongoing development of Water Street Tampa (“WST”). The project includes a residential condominium building, a build-to-suit office complex and an entertainment destination near Amalie Arena.  

The office and residential towers will occupy an extension of Water Street currently under construction north of the 900 and 1000 blocks of E. Cumberland Ave. The mixed-use entertainment destination, located just north of Amalie Arena between S. Morgan St and S. Jefferson St., will feature a select service hotel, a parking garage and a variety of entertainment options. f

The new residential condominium building will be the tallest building on Water Street. Additionally, SPP is exploring a new club concept with a social and fitness focus. Gensler Architects is designing the residential tower, with Nichols Architects acting as architect of record. 

The second tower will be a build-to-suit office complex with ground-floor retail.