CIM Group completes $175 million loan for office tower in Tampa
TAMPA, FLA. – CIM Group closed a $175 million loan for Bank of America Plaza, a 42-story Class A office tower in Tampa. A fund managed by CIM Group provided the funds to the borrowers, a subsidiary of Miami-based Banyan Street Capital and funds managed by Oaktree Capital Management LP.
Built in 1986 and renovated in 2018, Bank of America Plaza spans two city blocks, making it one of the largest office developments in the Southeast, according to CIM Group. The property includes a 795,944 square foot office tower and an adjacent 1,260-space parking structure that is connected to the property by a temperature-controlled covered walkway. Building amenities include a newly renovated lobby, fitness center, tenant business lounge and conference room. The Bank of America Plaza is Energy Star rated and meets LEED Gold standards.
Located at 101 E. Kennedy Blvd. At the corner of North Tampa Street and East Kennedy Boulevard in Tampa’s central business district, the property is 9 miles from Tampa International Airport.