Downtown’s iconic “Beer Can” building recently sold for about $22 million in a foreclosure sale after fetching $35.5 million during the real estate boom in 2005.
Palm Beach County-based In-Rel Properties bought the 31-story cylindrical office tower at 400 N Ashley Drive from the Royal Bank of Scotland. Royal seized the tower in February from America’s Capital Partners of Miami after it defaulted on a $48.4 million loan.
Tampa’s Beer Can Building Sold in Foreclosure