Corporate Center One (Yardi Matrix)
Atlanta-based Cousins Properties Inc. announced that it added a new tenant to the roster of its Northwest Tampa commercial market Corporate Center.
According to the Tampa Hillsborough EDC, Amgen, one of the world’s leading biotechnology companies, will be opening a new Capability Center that is slated to begin operations in October of this year and add 450 employees by the end of 2018.
The lease runs for 10 years and encompasses approximately 125,000 square feet of space spread over four floors at Corporate Center One.
Cousins Properties CEO Larry Gellerstedt declared the company is thrilled to have added this new deal to the company’s first quarter achievements. According to the press release, Cousins has signed approximately 202,000 square feet of new and renewal leases in Tampa since the start of the year, with this deal included.
“Amgen is a cutting-edge global company at the forefront of biopharmaceutical technology and innovation. We look forward to a strong relationship with Amgen for many years to come,” Gellerstedt added.
The Corporate Center includes four Class A office buildings developed back in the early 2000s by Crescent Resources, a joint venture between Duke Energy and the Morgan Stanley Real Estate Funds. These prime Tampa office market jewels remained in high demand. According to the Tampa Bay Business Journal, in 2014, Parkway Properties Inc. closed on this asset as part of a 22-property portfolio deal. Parkway kept the Corporate Center and unloaded the rest of the portfolio right away.
Last year’s $2 billion merger of Parkway and Cousins placed the 1.2 million-square-foot Class A asset under Cousins Properties’ management.