The tallest office tower in Tampa, Florida, has been sold to Atlanta-based private equity group Brookdale Group for around $150 million.

The 589-foot office tower called 100 North has been owned by an affiliate of PGIM Investment Realty, the real estate arm of insurance giant Prudential, since 2007. The tower at 100 N. Tampa St. in the heart of the city’s central business district recently had a $21 million renovation, according to a statement from JLL, which represented the seller and procured the buyer.

The 42-story building, originally built in 1992, is 83% leased.

The purchase price of $151 million, according to public records, is around the same amount Prudential paid when it bought 100 North in 2007, according to CoStar data. A spokesperson for JLL declined to comment on the purchase price.

Representatives from Brookdale and Prudential also did not respond to requests for comment from CoStar News.

The tower is one of Tampa’s most iconic buildings thanks to its pointed Gothic-style roof and Spanish architectural influences. With 572,111 square feet of space, tenants include a variety of financial and professional service firms such as Holland & Knight, KPMG and JPMorgan Chase.

The population in Tampa’s central business district has grown 11% since 2020, according to JLL. A number of financial services firms and other companies have relocated or expanded in the city in the past few years, prompting a new wave of office construction in mixed-use districts like Tampa’s Water Street District. Just under a mile from 100 North, the newly built Thousand and 1 has drawn many traditionally downtown and new-to-market tenants to the up-and-coming area.