{"id":1004125227,"date":"2015-08-14T04:22:39","date_gmt":"2015-08-14T12:22:39","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=357718"},"modified":"2022-12-13T00:03:47","modified_gmt":"2022-12-13T08:03:47","slug":"banyan-street-capital-picks-up-iconic-tower-in-tampa","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/banyan-street-capital-picks-up-iconic-tower-in-tampa\/","title":{"rendered":"Banyan Street Capital Picks Up Iconic Tampa Tower"},"content":{"rendered":"<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Rivergate-Tower-tampa.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-357736\" title=\"Rivergate Tower tampa\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Rivergate-Tower-tampa.jpg\" alt=\"Rivergate Tower in Tampa\" width=\"300\" height=\"199\" \/><\/a><\/p>\n<p>Miami-based, <a href=\"https:\/\/www.banyanstreet.com\/\">Banyan Street Capital<\/a> has recently acquired a 515,965-square-foot Class A office building in Tampa for an undisclosed price. Rivergate Tower, located at 400 North Ashley Drive, was formerly owned by a venture between <a href=\"https:\/\/www.mountkellett.com\/\">Mount Kellett Capital Management LP<\/a> and <a href=\"https:\/\/morning-calm.com\/\">Morning Calm Management LLC<\/a>.<\/p>\n<p>Rivergate Tower is the only office building located directly on the Tampa Riverwalk and it is situated within a two-block radius of 90 percent of the city\u2019s downtown amenities such as the University of Tampa and the Straz Center for the Performing Arts. Its lineup of on-site amenities includes a 735-space underground parking garage on two stories, a high-quality fitness facility, conference rooms, several dining options as well as a full-service branch bank with ATM. Constructed in 1988, the 31-story landmark has received a National Honor Award from the American Institute of Architects in 1993.<\/p>\n<p>The new ownership plans a series of comprehensive renovations to the common areas including the lobby, elevator cabs, bathrooms and corridors. The property is currently 80 percent leased.<\/p>\n<p><a href=\"https:\/\/www.cbre.com\/EN\/Pages\/Home.aspx\">CBRE<\/a> arranged the sale and financing of the building, while <a href=\"https:\/\/www.bankunited.com\/\">BankUnited N.A<\/a>. provided a $58 million loan for the purchase and planned renovations. The CBRE team included Christian Lee, Dale Peterson, Charles Foschini, Chris Apone, Jose Lobon and Marcos Minaya. Gregory Sant\u00edn from BankUnited was also involved in the negotiations.<\/p>\n<p><em>Photo credit: CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banyan Street snapped up the only office building located directly on the Tampa Riverwalk.<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,1612],"tags":[],"class_list":["post-1004125227","post","type-post","status-publish","format-standard","hentry","category-investment","category-latest","category-office","category-tampa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Banyan Street Capital Picks Up Iconic Tampa Tower - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/banyan-street-capital-picks-up-iconic-tower-in-tampa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banyan Street Capital Picks Up Iconic Tampa Tower\" \/>\n<meta property=\"og:description\" content=\"Banyan Street snapped up the only office building located directly on the Tampa Riverwalk.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/banyan-street-capital-picks-up-iconic-tower-in-tampa\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-14T12:22:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-13T08:03:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Rivergate-Tower-tampa.jpg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/banyan-street-capital-picks-up-iconic-tower-in-tampa\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/banyan-street-capital-picks-up-iconic-tower-in-tampa\\\/\"},\"author\":{\"name\":\"Balazs Szekely\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\"},\"headline\":\"Banyan Street Capital Picks Up Iconic Tampa Tower\",\"datePublished\":\"2015-08-14T12:22:39+00:00\",\"dateModified\":\"2022-12-13T08:03:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/banyan-street-capital-picks-up-iconic-tower-in-tampa\\\/\"},\"wordCount\":225,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/banyan-street-capital-picks-up-iconic-tower-in-tampa\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/08\\\/Rivergate-Tower-tampa.jpg\",\"articleSection\":[\"Investment\",\"News\",\"Office\",\"Tampa\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/banyan-street-capital-picks-up-iconic-tower-in-tampa\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/banyan-street-capital-picks-up-iconic-tower-in-tampa\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/banyan-street-capital-picks-up-iconic-tower-in-tampa\\\/\",\"name\":\"Banyan Street Capital Picks Up Iconic Tampa Tower - 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