HCI Group will sell Tampa headquarters building
June 1, 2020 - The state of Florida will acquire the building that currently serves as corporate headquarters for HCI Group Inc. The Florida Department of Transportation is buying the property, at 5300 W. Cypress St. in Tampa, and a nearby right of way in connection with a planned road improvement project. Greenleaf Capital, the real estate division of HCI (NYS: HCI), will net about $44 million on the sale after transaction costs, a news release said. The transaction is expected to close by the end of July, but as part of the agreement, HCI has the option to occupy the headquarters property for up to three years after the acquisition. HCI is an insurtech company with operations in insurance, software development and real estate.