TAMPA, FL-In the largest class A office leasing deal this year in west Central Florida, London-based CP Ships extends its 10-year, 144,000-sf lease at Southeast Financial Centre for another three years at an estimated aggregate rent of $9.7 million. The transaction brings the occupancy of the 11-year-old, 530,000-sf building to 90%.

After scouting the Tampa Bay office market, the container shipping company decided to remain in Downtown Tampa at the East Jackson Street building. Other key tenants on the 25-tenant roster are SunTrust Bank, Brown & Brown and the Ruden McClosky law firm. CP Ships occupies the 11th, 15th, 28th and 30th through 33rd floors of the 36-story tower.

The deal took 18 months to complete as CP Ships made “an extensive review of their options in the market,” Claire Calzon, SVP of Trammell Crow Co., Tampa, tells GlobeSt.com. “SunTrust Financial Centre is one of the top buildings in the city, offering outstanding views in a class A environment.”

Calzone negotiated for the building’s owner, Southeast Financial Center Associates, a wholly owned subsidiary of New York-based TIAA/CREF. Tom Lepry of Stauback Real Estate Co. in Denver represented CP Ships. The average asking rent range in the building is $22 to $24 per sf.

CP Ships is the largest tenant at SunTrust Financial Centre. SunTrust Bank at 95,000 sf, is second largest. The building has 60,000 sf left to lease. The United States arm of CP Ships is based in Tampa.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.