A signature skyscraper in downtown Tampa will soon have a new name and a major new tenant.
PNC Bank announced Tuesday that it has a multiyear lease with the 38-story One Tampa City Center and will relocate its Tampa headquarters from Bay Center Drive in the West Shore Business District in May.
The lease agreement for the 735,000-square-foot tower includes the 15th floor for PNC offices and placement of the PNC logo on the building. The bank provided no financial details.
"We're looking forward to becoming an even more integral part of the Tampa community with this new location," Joseph Meterchick, a PNC regional president, said in a statement. "It provides the ease and accesses our employees, clients and community want in working with us, and it reaffirms our commitment to the region."
One Tampa City Center was completed in 1981 as a headquarters for GTE, which later merged with Verizon. The sleek, glass tower over North Franklin Street was renovated in 1993 and remains a major hub for commerce and tourism.
The top of the building, the 38th floor, is home to the University Club of Tampa, a private organization of business and civic leaders that dates to the 1940s. YMCA Tampa is on the first floor.
Other tenants include the Greater Tampa Chamber of Commerce, Florida Bank, commercial real estate firm Cushman & Wakefield of Florida and the main law offices for Morgan & Morgan.
The building is owned by One Tampa City Center Associates, made up of Main Street Capital Partners and CarVal Investors. The building's estimated market value is $58 million.
It holds the distinction as the first existing commercial structure in the city to be LEED Gold Certified for its added energy efficiency and sustainable operations. LEED is Leadership in Energy and Environmental Design, a program of the U.S. Green Building Council.
Based in Pittsburgh, PNC Bank is a member of the PNC Financial Services Group and is one of the nation's largest diversified financial services organizations.
It has 2,900 branches, including 32 in the Tampa area, in 19 states and the District of Columbia. It has $301 billion in assets and $206 billion in deposits.