JLL arranges $55.7M in financing for newly built Tampa office tower

TAMPA, July 29, 2026 – JLL Capital Markets announced today that it has arranged $55.7 million in financing for 143,354 square feet of office and retail space at Midtown East, an 18-story, 432,000 square foot tower in Tampa's thriving Midtown district.

JLL worked on behalf of the borrower, a 50/50 joint venture between Highwoods Properties and The Bromley Companies, to secure the loan through Valley Bank.

Located within the 22-acre Midtown Tampa District, Midtown East is a mixed-use environment comprising over 200,000 square feet of walkable retail — including Whole Foods Market, REI, Shake Shack and True Food Kitchen — alongside nearly 700 apartment units, an Aloft/Element hotel and three Class A office buildings totaling 650,000 square feet. Positioned near Tampa International Airport and surrounded by some of Tampa Bay's most sought-after residential neighborhoods, Midtown Tampa has established itself as the region's preeminent live-work-play destination.

Delivered in April 2025 as the third and final office tower in the Midtown Tampa development, Midtown East is an 18-story modern trophy asset featuring floor-to-ceiling glass, covered balconies, high-speed destination elevators and a dedicated ground-floor retail component ideally suited for a future restaurant. The property is also pursuing multiple green building certifications including LEED, Fitwel and Energy Star. The property offers tenants unmatched access to the district's vibrant amenity base and on-site programming, including weekly wellness classes, seasonal farmers markets and outdoor events that drive consistent foot traffic and community engagement.

The office floors owned by the borrower at Midtown East achieved 100% leased occupancy in less than one year, attracting a diverse roster of tenants across professional services, technology, staffing, real estate, and insurance sectors. This rapid lease-up reflects strong demand for quality office space within Tampa's supply-constrained Westshore submarket, where trophy and Class A properties continue to capture the majority of leasing activity. Tampa Electric Company, a subsidiary of TECO Energy, owns 11 floors of the building as its corporate headquarters.

The JLL Debt Advisory team representing the borrower was led by Senior Managing Directors Ed Coco, Evan Pariser and Lee Weaver and Managing Director Matt Casey.

"The combination of best-in-class sponsorship, a trophy asset within the thriving Midtown Tampa development and a strong tenant roster with significant lease term made this an exceptionally attractive financing opportunity," said Coco. "Tampa's office fundamentals remain among the strongest in the nation, particularly for modern, amenity-rich properties like Midtown East."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.