Banyan Street Capital (Banyan) today announced it has acquired Harborview Plaza, a 206,329-square-foot, Class-A office complex in Tampa, Florida. Banyan acquired the 6.7-acre development from Cousins Properties, an Atlanta-based real estate investment trust, for $39,500,000. Banyan Street partnered with Lafayette Street Capital on the acquisition, marking the third investment partnership between the two firms.
Harborview Plaza is located at 3031 N Rock Point Drive in the Rocky Point enclave within Tampa’s Westshore submarket. The seven-story building was built in 2002 and features covered parking, a 24/7 fitness center, an on-site restaurant and an adjacent park with jogging trails. The property overlooks Old Tampa Bay and is just minutes from the Tampa International Airport, providing free shuttle service to the airport as well as nearby hotels and conference centers.
“Harborview Plaza marks our fourth office acquisition in the last 12 months totaling 1.3 million square feet,” said Zac Gruber, president of Banyan’s office division. “Our investment strategy is to invest in top-tier properties at attractive basis in fundamentally strong markets, where we can deliver either durable cash flow and/ or redevelop the property for meaningful appreciation for our investors. We believe that Rocky Point is undergoing a dramatic transformation with over 1,500 residential units, hundreds of new or renovated hotel rooms and an impressive list of food and beverage options which will be highly complementary to the upgrades we are planning to Harborview Plaza.”
A multi-pronged capital improvement plan is already underway to address several initiatives including: a new and improved lobby, tenant lounge, café, elevator modernization, and specific attention to constructing a waterfront outdoor patio and third workspace. Future enhancements to the park, wayfinding and signage are also being planned. The JLL team of Jim Moler and Deana Beer have been retained to lease the property on behalf of the new ownership.
CBRE’s Debt & Structured Finance team led by Senior Vice President Amy Julian and First Vice President Andrew Chilgren represented Banyan in securing a new loan which was provided by Prime Finance. CBRE’s National Office Partners team led by Vice Chairman Christian Lee and Vice President Sean Kelly represented Cousins Properties. CBRE’s Senior Associate Tom Rappa, Associate Matthew Lee and Financial Analyst Max Nathan also supported the transaction, along with Joe Chick and Dale Peterson.
“Investor sentiment toward office assets continues to strengthen, and Florida remains one of the premier office markets in the United States. The combination of sustained population growth, business in migration and resilient tenant demand positions the state’s office sector for continued long term momentum.” said CBRE Senior Vice President Sean Kelly.
Office demand and leasing activity within the greater Tampa Bay region remains strong. According to a Q4 2025 report by CBRE, Tampa’s office market saw a third consecutive quarter of positive net absorption, totaling 350,000 square feet. The market’s vacancy rate also continues to improve with strong demand for Class-A assets, and these fundamentals are expected to continue improving this year.
For more information about our office investments, visit banyanstreetcapital.com.
About Banyan Street
Founded in 2012, Banyan Street is a vertically integrated real estate investment firm that executes creative, value-add strategies and delivers high risk-adjusted returns to investors. With its headquarters in Miami, Florida, and regional offices in New York City, Atlanta, and Jacksonville, Florida, the firm owns, develops and operates a diversified portfolio of office and multifamily properties spanning approximately 11.5 million square feet of office space, and 5,500 apartment units. For more information regarding these and our platform investments, please visit banyanstreet.com.
About Lafayette Street Capital
Lafayette Street Capital is a real estate investment firm led by an experienced team, bolstered by industry relationships cultivated over decades. LSC focuses on value-add and opportunistic investments, targeting middle-market opportunities where there are capital market or operational inefficiencies. The firm invests across all property types, U.S. geographies, and capital structures. The team employs its experience and relationships to identify and execute compelling investment opportunities, operate them successfully, and generate attractive, risk-adjusted returns for high-net-worth, family office, and institutional investors. For more information, please visit https://www.lafayettestreetcap.com/.