TAMPA, FL-Miami-based America's Capital Partners has received $48 million in permanent financing for Rivergate Tower. The 515,965-sf class A office tower is at 400 North Ashley Dr.
The financing, through a correspondent lender, was arranged by CBRE/Melody's South Florida office managing director Charles Foschini, CB Richard Ellis' institutional group executive vice president Christian Lee and CBRE/Melody's South Florida office vice president Christopher Apone.
America's Capital Partners acquired the 31-story property in January 2005 for $35.5 million. It is the first-largest office tower in the central business district.
The cylindrical building, nicknamed the "Beer Can" is located just south of Interstate 275 and Interstate 4. It has direct proximity to Tampa City Hall, Lykes Gaslight Park, the Hyatt Regency Hotel and other financing, government and shopping establishments. The building is currently 70% occupied with major tenants in the building include Bank of America, Malio's Steakhouse, Northstar Bank and Sykes Enterprises Inc.
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