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Asset management firm relocates headquarters from Boston to Tampa’s iconic tower
TAMPA, June 13, 2012 – Jones Lang LaSalle today announced that Vinik Asset Management has selected Tampa’s iconic SunTrust Financial Centre building at 401 East Jackson Street in downtown Tampa for its new headquarters. Vinik Asset Management, a hedge fund owned by Jeff Vinik, is relocating its Boston-based headquarters and signed a long-term lease for more than 20,000 square feet, the entire 31st floor. The firm is expected to begin operating out of the new space in summer and will retain a presence in Boston.
Jones Lang LaSalle’s Sharon Bragg represented the landlord during lease negotiations. Andy May of Cushman & Wakefield represented the tenant. “The relocation of Vinik Asset Management’s headquarters is not only a great win for SunTrust Financial Centre, but it will have a significant impact on the city of Tampa and overall absorption for the CBD,” said Bragg.
Located in the southeast corner of Jackson Street and Florida Avenue, SunTrust Financial Centre was recently acquired by an affiliate of the commercial real estate firm, The Brookdale Group. The 36-story, 527,000-square-foot, Class A trophy office building was designed by U.S.-based firm Cooper Carry and is leased exclusively by Jones Lang LaSalle. In 2010 and 2011, the building was designated the “Outstanding Building of the Year” by the Building Owners and Managers Association’s (BOMA) Tampa Bay chapter.
Jones Lang LaSalle has approximately 558 employees providing real estate expertise across all major markets in Florida including leasing, both tenant and landlord representation, property management, project and development services and investment sales. Jones Lang LaSalle’s Florida leasing and management portfolio has more than doubled in the past year to 23 million square feet which includes some of the state’s most iconic buildings. In 2011 the firm was named one of ‘Florida’s Best Companies to Work For’ by Florida Trend magazine.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.2 billion of assets under management. For further information, please visit www.joneslanglasalle.com.
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