Citi Purchases 672,500 SF Citibank Center Office Campus in Tampa

TAMPA, FLA. — Citi, a global bank based in New York, has purchased Citibank Center, a 672,500-square-foot, six-building office campus located at 3800 Citibank Center in Tampa. Citi is the sole occupant of the Class A development, which was built in 1998 on a 92-acre site within Sabal Park, a 1,000-acre master-planned development. The sales price was undisclosed, but court documents show the sales price as $116 million. Citi purchased the campus from an affiliate of Zurich Alternative Asset Management. Situated near I-75 and I-4, Citibank Center features a full-service cafeteria, fitness center and wellness center. Christian Lee, Dale Peterson, Jose Lobon, Marcos Minaya, Andrew Chilgren and Amy Julian of CBRE represented the seller in the transaction. Lou Varsames, David Harris, James Garvey and Ryan Reynolds of Cushman & Wakefield represented Citi.