Colonnade Properties LLC, New York, has acquired NationsBank Plaza in downtown Tampa, Fla., from Atlanta-based Lend Lease Real EstateInc., reportedly for $50 million. New York-based Cushman & Wakefield represented Lend Lease.
Located at 400 N. Ashley Drive, the 32-story tower is 82% occupied and totals 512,851 sq. ft. Known as "The Beer Can" because of its shape, the Colonnadeends a two-year search for a buyer for the 12-year-old building, according to local reports.