The 35-story SunTrust Financial Centre in downtown Tampa has been sold to Highwoods Properties, a Raleigh, N.C., company.
The company announced in a news release Wednesday that the acquisition is a $124 million investment, 40 percent below estimated replacement cost.
The 528,000-square-foot building is currently 89 percent occupied, though some pending departures will bring that figure down to 77 percent, Highwoods Properties said in a news release.
“SunTrust Financial Centre is one of the top trophy assets” in Tampa’s central business district, Highwoods president and CEO Ed Fritsch said in a statement. “The building offers spectacular views of Tampa Bay and the downtown skyline and provides numerous amenities for our customers.”