MetLife Sheds Tallest Building in Tampa

Bank of America Plaza, a landmark Office tower at 101 East Kennedy Blvd. in Tampa has a new owner.

By Balazs Szekely, Associate Editor

Bank of America Plaza
Bank of America Plaza

TAMPA, Fla.—MetLife Inc. has recently sold the 787,042-square-foot Bank of America Plaza, the tallest building in Tampa. A joint venture between Miami-based Banyan Street Capital and Los Angeles-based Oaktree Capital Management acquired the 176-foot, 42-story landmark office building on Kennedy Boulevard.

Bank of America Plaza was built in 1986 on 0.96-acre site in Tampa’s central business district—in a location that has about 90 percent of Tampa’s downtown amenities within a two-block radius. The office structure is connected to an adjacent 1,263-space, 14-story parking structure through a skybridge, providing the tower with highest parking ratio in the CBD. It has easy access to Interstate 275, Selmon Expressway, Florida State Route 60 and North Florida Ave.Tampa International Airport is also just seven miles away from the building.

CBRE arranged the sale on MetLife’s behalf. The transaction represents the largest office building sale in Florida since 2012. Vice Chairman Christian Lee and Vice President Dale Peterson led the CBRE sales team, which also included Vice Chairman of South Florida Markets Charles Foschini, First Vice Presidents Jose Lobon, Christopher Apone, Anne-Marie Ayers and Phil Weber, Vice President Amy Julian and Financial Analysts Marcos Minaya and Andrew Chilgren.

Photo credit: CBRE