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Tampa's SunTrust tower for sale

The SunTrust Financial Centre, Tampa’s fourth-tallest building at 36 stories and 540 feet, sold in 2007 for $114.5 million.

Times file

The SunTrust Financial Centre, Tampa’s fourth-tallest building at 36 stories and 540 feet, sold in 2007 for $114.5 million.

A crown jewel of Tampa's skyline is for sale.

The SunTrust Financial Centre is being marketed worldwide as part of a portfolio package with 15 other buildings, including the SunTrust tower in Orlando, commercial real estate experts said.

Bank of America and Merrill Lynch are handling marketing for the tower's owner, Charter Hall Properties of Australia.

The asking price is not being disclosed. Charter Hall has not returned a call for comments.

The 36-story skyscraper at 401 E Jackson St. sold in 2007 for $114.5 million and $73.5 million in 2004. It is Tampa's fourth tallest building, enclosing 527,000 square feet.

It was built in 1992, is 22 percent vacant and has an average rent of $26 per square foot. It's taxable value is about $53 million.

The tower is one of the most recognizable buildings on Florida's Gulf Coast. The ziggurat-shaped light display on the peak illuminates the skyline and can be seen for miles.

The 35-story SunTrust Center is Orlando's tallest building.

News of the SunTrust sale comes a day after the St. Petersburg Times reported that another iconic Tampa structure, the "Beer Can" building, also known as Rivergate Tower or the Sykes Enterprises tower, brought in $22 million in a foreclosure sale.

Mark Puente can be reached at [email protected] or (727) 893-8459. Follow him at Twitter at twitter.com/markapuente.

Tampa's SunTrust tower for sale 06/30/11 [Last modified: Thursday, June 30, 2011 9:18pm]
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