MIAMI—Rivergate Tower, a Class A, 515,965-square-foot iconicoffice building in Tampa, Florida, justtraded hands. The office building is locatedat 400 North Ashley Drive.

BankUnited provided a $58 million loan for thepurchase and planned renovations. The CBRE team includedChristian Lee, Dale Peterson,Charles Foschini, Chris Apone,Jose Lobon, and Marcos Minaya.BankUnited's Gregory Santín handled the financialarrangements.

“The Tampa CBD has experienced 135,000 square feet of positiveabsorption over the last 18 months, filling up office buildings andmotivating owners to become sellers,” ChristianLee, vice chairman of CBRE, tells GlobeSt.com. “Meanwhile,with class A vacancy approaching single digits, the investmentcommunity is confident that sharp rent growth is around the corner.This optimism has created the right environment for buyer andseller expectations to come together. This was a classic win-wintransaction, and a pleasure to be involved with.”