One Tampa City Center, formerly known as GTE Center and Verizon Building, is an office skyscraper in

Tampa, Florida Tampa () is a city on the Gulf Coast of the U.S. state of Florida. The city's borders include the north shore of Tampa Bay and the east shore of Old Tampa Bay. Tampa is the largest city in the Tampa Bay area and the seat of Hillsborough ...

. It was the tallest building in the state for three years and the tallest building in the city until the completion of the

Bank of America The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank ...

tower in 1986. At 39 stories tall, it is currently the third tallest structure in the city at 537 feet tall.

History

One Tampa City Center opened in 1981 as the GTE Building. It was the second skyscraper built in the city, after the Park Tower just a few blocks away. On November 13, 2012,

PNC Bank The PNC Financial Services Group, Inc. (stylized as PNC) is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District ...

acquired the

naming rights Naming rights are a financial transaction and form of advertising or memorialization whereby a corporation, person, or other entity purchases the right to name a facility, object, location, program, or event, typically for a defined period of ...

for the building from

Verizon Communications Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is headquartered at 1095 Avenue of the Americas in ...

, which began effective in May 2013. On October 30, 2014, the building was sold for $128 million to Alliance Partners HSP. Alliance Partners subsequently split the ownership of the land and the building, selling the building in October 2018 for $110 million to Banyan Street Capital and Oaktree Capital Management.

HSBC HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tr ...

provided an $84 million acquisition loan for the purchase.

Height

The building is among Tampa's tallest buildings, as well as among Florida's tallest. When it topped out in 1981, One Tampa City Center was the tallest building in Florida for four years, from 1981 to 1984, when it was surpassed by the Wachovia Financial Center, which today is the

Southeast Financial Center Southeast Financial Center is a two-acre development in Miami, Florida, United States. It consists of a tall office skyscraper and its 15-story parking garage. It was previously known as the Southeast Financial Center (1984–1992), the First Un ...

. The building was the tallest in Tampa from 1981 to 1986, until it was surpassed by neighboring office building the Bank of America Plaza. Today, the building remains the third tallest building in the city.

Tenants

The building holds offices for major companies and law firms, including: * CDW *

Cushman & Wakefield Cushman & Wakefield plc is a global commercial real estate services firm. The company's corporate headquarters is located in Chicago, Illinois. Cushman & Wakefield is among the world's largest commercial real estate services firms, with revenues ...

Merrill Lynch Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment ba ...

Verizon Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is headquartered at 1095 Avenue of the Americas ...

References

External links

Tampa City Center's official website
1981 establishments in Florida Office buildings completed in 1981 Skyscraper office buildings in Tampa, Florida Welton Becket buildings {{Florida-struct-stub

History

Height

Tenants

See also

References

External links