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  1. Business

Tech Data spending $156 million to buy its buildings

Tampa Bay's largest public corporation by revenues, Clearwater's Tech Data Corp., has decided to stop leasing its headquarters and some other properties across the country and will buy them instead.

Price tag: $156.2 million.

The decision to end a lease arrangement with SunTrust Bank was noted in a recent Securities and Exchange Commission filing by Tech Data. In addition to the company's headquarters facilities, located near St. Petersburg-Clearwater International Airport at 5350 Tech Data Drive, Tech Data is purchasing once-leased properties in Miami; Fort Worth, Texas; Fontana, Calif.; Suwanee, Ga.; Swedesboro, N.J., and South Bend, Ind.

RELATED COVERAGE: How Tech Data Corp. went all in to mastermind a deal to go global — and stay local.

In its biggest acquisition, Tech Data earlier this year spent $2.6 billion to acquire Avnet's Technology Solutions to grow the technology distribution business and expand into Asia.

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