PRESS RELEASE: Dockerty Romer & Co. Arranges $78 Million Loan

DELRAY BEACH, FLA. – Craig Romer of Dockerty Romer & Co. has arranged a permanent mortgage loan in the amount of $78,000,000 for a class “A” CBD office building known as 100 North Tampa.

100 North Tampa is comprised of 552,080 SF and is widely regarded as Tampa’s premier CBD address. The 42-story skyscraper, Tampa’s tallest, features a pewter-tinted glass and Spanish Rosa Dante granite façade. This postmodern architectural style is highlighted by a gothic-style roof, granite cornices, prominent setbacks at the 38th and 40th floors and forty foot high arches at the two entrances.

Additionally, 100 North Tampa has achieved a Silver LEED certification. 100 North Tampa boasts an impressive roster of tenants such as Holland & Knight, Regions Bank, Foley & Ladner, Chartis Claims, DLA Piper USA and Citi Group-Morgan Stanley. Given its prominent position within the Tampa CBD, 100 North Tampa consistently outperforms the overall market and currently reports an occupancy level of 95%. The Tampa office of MetLife Real Estate Investors provided the five-year, floating rate facility to the borrower, an institutional pension fund advisor, while Craig Romer of Dockerty Romer & Co. acted as an intermediary.

Romer commented that,” Working with a sophisticated borrower and lender was truly a pleasure. Both parties brought highly competent teams to the transaction, and worked with a cooperative spirit throughout the process.”

Romer went on to say that,” The overall quality of the real estate coupled with the strength of the borrower made 100 North Tampa a desirous financing assignment. However, in the end, having local knowledge of Tampa’s CBD gave the folks from Met an upper hand which allowed them the ability to capture the business.”

Dockerty Romer & Co. based in Delray Beach, Florida is a full service commercial mortgage banking company specializing in the capitalization of income producing properties. Dockerty Romer & Co has closed nearly $3 Billion of real estate transactions since its inception in January 2000.

TAGS: Lending Office