Office building planned at Tampa airport

The airport will select 1 of 3 finalists to develop the 270,000-square-foot building

TRD MIAMI /
Feb.February 18, 2018 02:30 PM

Rendering of a planned office building with a landscaped terrace (right) at Tampa International Airport. (Credit: Business Observer)

The aviation authority that runs Tampa International Airport is selecting a developer to build a 270,000-square-foot office building at the airport.

The Hillsborough County Aviation Authority, which runs the airport, would occupy about 100,000 square feet in the planned 11-story office building, which could open by 2020.

Airport officials plan to select a developer for the office development, estimated to cost $122 million, from among three finalists: Lincoln Property Co. in Dallas, Jacksonville-based VanTrust Real Estate LLC and Orlando-based BTV Aviation Developers.

The office building at the airport would compete with others in Tampa’s nearby Westshore area.

Vacancy rates among Class A buildings in Westshore are around 5 percent, the lowest in a decade, according to Clay Witherspoon, a principal at the Tampa office of real estate brokerage firm Avison Young.

Witherspoon said the office development at the airport is among three in the Westshore area that would add 400,000 square feet of new space to the market.

The office project at Tampa International Airport is part of the second phase of the airport’s master plan for development, which also includes two hotels with as many as 350 rooms combined.  [Business Observer] – Mike Seemuth


Related Articles

arrow_forward_ios
2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

419 Southeast 2nd Street, Lincoln Property Company CEO Tim Byrne

Lincoln Property joins partnership on downtown Fort Lauderdale building

State report finds open gas valve fueled building explosion at Plantation shopping center

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

arrow_forward_ios
Loading...