Florida-based property insurance coverage firm American Integrity Insurance coverage has signed a 75,000-square-foot lease at GEM Realty Capital and IP Capital Companions’ Bayport Plaza, in Tampa, Fla. The brand new workplace house is about to change into the corporate’s headquarters, with move-in scheduled for early 2026. American Integrity will occupy three flooring and is about to change into the primary tenant to safe building-top signage.
Stream Realty Companions represented the tenant within the lease transaction, whereas CBRE labored on behalf of the possession.
The 264,718-square-foot Bayport Plaza has been underneath GEM Realty Capital and IP Capital Companions’ possession since 2019. The businesses acquired it from UBS Group AG in a $235.8 million portfolio transaction that included the adjoining 444-room lodge Grand Hyatt Tampa Bay, in keeping with CommercialEdge data. The 2 buildings are straight related.
Tampa’s Bayport Plaza
Accomplished in 1985, Bayport Plaza is an 11-story workplace constructing situated at 3000 Bayport Drive, on a 15-acre website. Facilities on the LEED-certified property embody coated parking, on-site café and bar, in addition to newly renovated foyer and terrace. The tenant roster options Ryan Specialty Group, Besnard Insurance coverage, Paycor, Boeing Co., USC Consulting Group LP and Milliman, the identical information supplier reveals.
The workplace constructing is simply off Florida State Highway 589, throughout the highway from Tampa Worldwide Airport. Downtown Tampa is a few 8 miles east of the property.
Stream Realty Companions Government Managing Director Gary Godsey led the group representing American Integrity, whereas CBRE Senior Vice Presidents Barry Hanerfeld and KC Tenukas represented the possession within the deal signing.
As of February, Tampa’s workplace emptiness price was 15.8 p.c, decrease than the nationwide common of 19.7 p.c, in keeping with a latest CommercialEdge report. Nationally, full-service equal itemizing charges averaged $33.38 per sq. foot, reflecting a 5.8 p.c improve from the earlier yr, whereas Tampa’s charges stood at $30.23 per sq. foot.
