Highwoods Properties introduced immediately that Midtown West, the 152,000 sq. foot workplace constructing inside Midtown Tampa, has now been totally leased. This announcement, made with three way partnership accomplice Bromley Firms, confirms a brand new lease has been signed, taking the ultimate remaining vacant workplace house inside Midtown Tampa.
The ultimate lease contains roughly 4,000 sq. ft of house within the improvement’s extremely fascinating Midtown West workplace tower and illustrates the distinctive impression and affect Midtown is making in Tampa.
“Full occupancy of Midtown Tampa is a exceptional milestone, achieved by providing prospects an unparalleled office expertise and world-class facilities,” mentioned Dan Woodward, Highwoods Properties Senior Vice President and Tampa Market Chief. “The market’s overwhelming response to Midtown Tampa is a testomony to the success of its live-work-play ecosystem and the continued rise of Tampa on the nationwide stage.”
Midtown West is a serious factor of the business element of the broader Midtown Tampa improvement. Accomplished in 2021, the 8-story Class A workplace constructing is surrounded by 22 walkable acres of retail retailers, eating places, two motels and different facilities. It options first and second ground lobbies, a lined walkway to and from a parking storage and is in shut proximity to Worldwide Plaza, Tampa Worldwide Airport and Westshore Plaza.
Midtown West will quickly be joined by Midtown East, a brand new Class A workplace constructing. Designed by world structure agency Rule Pleasure Trammell + Rubio, the venture will lengthen to 18 flooring with 430,000 sq. ft and is anticipated to be accomplished by 2025. Upon completion of Midtown East, Bromley and Highwoods will collectively personal 134,000 sq. ft, consisting of 5 flooring of workplace (flooring 10 by 15) and floor stage retail. The remaining 11 flooring of Midtown East will function the long run headquarters of Tampa Electrical and Peoples Gasoline.
“With Midtown West and The Loft at Tampa totally leased, we are actually wanting ahead to the 2025 completion of Midtown East – the most important growth but of this bold neighborhood and one which is able to supply prospects greater than 430,000 sq. ft of recent workplace house,” mentioned Nicholas Haines, CEO of Bromley Firms. “We’re making good progress on the japanese tower – our permits are secured, foundations are underway and we’re getting ready now to interrupt floor on the storage growth. Midtown East shall be a key addition to your entire Midtown Tampa venture.”
The success of Midtown Tampa not solely illustrates Tampa’s power as a nationwide workplace market, but additionally the event’s distinctive draw to top-tier world tenants, together with Nestle, Greystar Actual Property Companions, Gresham Smith, Compass and Kast.
Comprising roughly 22 acres, the $1-billion Midtown Tampa improvement created a brand new residential and business district throughout the metropolis of Tampa. The event is grasp deliberate for over 700,000 sq. ft of workplace house, 390 rental flats, 225 lodge rooms and 185,000 sq. ft of retail house. Midtown Tampa additionally encompasses a Midtown Commons public house, a canine park and a 3-acre lake and leisure path open to the general public. Inside the utterly walkable neighborhood, friends, residents and tenants get pleasure from prime nationwide retailers and eating places together with REI, Sephora, Shake Shack, True Meals Kitchen, and Entire Meals, amongst others.
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) actual property funding belief (“REIT”) and a member of the S&P MidCap 400 Index. The Firm is a totally built-in workplace REIT that owns, develops, acquires, leases and manages properties primarily in the perfect enterprise districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando,
Raleigh, Richmond and Tampa. These markets are extremely energized and amenity-rich office places that improve our buyer’s skill to draw and retain expertise. Highwoods is within the work-placemaking enterprise. We consider that by creating environments and experiences the place the perfect and brightest can obtain collectively what they can not aside, we will ship better worth to our prospects, and in flip, our stakeholders. For extra details about Highwoods, please go to our web site at www.highwoods.com.
About Bromley Firms
Since its founding in 1972, The Bromley Firms has constructed a diversified portfolio of actual property throughout the nation together with workplace, pupil housing, retail and industrial property. Bromley has developed and owned over 5 million sq. ft of actual property since inception. With a pointy concentrate on creating compelling tenant areas and extremely personalised service, Bromley continues to create progressive, vibrant, sustainable locations that join lives and enrich communities. Counting on an skilled in-house staff of economic, building, leasing and administration professionals, the corporate employs an intensive, hands-on method to efficiently reposition and develop actual property. All through the years, Bromley’s improvement and funding groups have generated persistently superior returns for monetary companions and long-term worth to the communities during which we function. Bromley is headquartered in New York Metropolis with workplaces in Illinois and Florida.
About Midtown Tampa
On 22 acres, the large, $1 billion, award-winning Midtown Tampa is the primary mixed-use neighborhood of its sort in Tampa, and the catalyst for a wholly new district connecting Westshore and Downtown. Midtown Tampa will ship 1.8 million sq. ft of retail, residential and Class A workplace house within the first section, plus leisure and hospitality to the encircling neighborhood and the Tampa Bay area. Bromley Firms is working with co-developers Highwoods Properties on the Midtown East and Midtown West workplace buildings, Harmony Hospitality on Marriott’s twin branded Aloft and Ingredient Resort and Crescent Communities NOVEL Midtown, luxurious residence properties overlooking Midtown Commons. In partnership with CASTO Southeast Realty, LLC, and Jeffrey R. Anderson Actual Property, bulletins embody greater than two dozen retail and eating institutions, listed at https://midtowntampa.com/retail-dining/.
For extra details about Midtown Tampa, go to www.midtowntampa.com.