Speculative office building in Tampa suburbs lands massive regional HQ

Speculative office building in Tampa suburbs lands massive regional HQ

Excerpt from article published in the Tampa Bay Business Journal | May 7, 2017

Ashley Gurbal Kritzer, Senior Reporter

A new spec building in Renaissance Center has landed a tenant that will take the entire space.

AAA Inc., The Auto Club Group plans to consolidate two Tampa office locations into one massive regional headquarters near Tampa International Airport.

The organization, which provides roadside assistance and other services to its members, has signed a lease for the entirety of a 150,000-square-foot building under construction in Renaissance Center, an office park north of the airport.

New Jersey-based Vision Properties broke ground on the building in December on an entirely speculative basis, meaning it didn’t have any tenants committed to the space. Vision acquired the 573,053-square-foot office park in early 2016.

Vision used in-house representation — Bertolero and Arena — to broker the lease transaction. Rick Pifer and Tony Sorgi of Plante Moran Cresa and James Garvey and K.C. Tenukas of Cushman and Wakefield Inc. represented AAA.

Itasca Construction Associates is the general contractor on the project. Horton Harley and Carter is the architect.

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