Tampa Bay Times

Tech Data plans to buy its facilities

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Tampa Bay’s largest public corporatio­n by revenues, Tech Data Corp., has decided to stop leasing its headquarte­rs and some other properties and will buy them instead. Price tag: $156.2 million. The decision to end a lease arrangemen­t with SunTrust Bank was noted in a recent Securities and Exchange Commission. Besides the company’s headquarte­rs, near St. Petersburg-Clearwater Internatio­nal Airport at 5350 Tech Data Drive, Tech Data is purchasing once-leased properties in Miami; Fort Worth, Texas; Fontana, Calif.; Suwanee, Ga.; Swedesboro, N.J.; and South Bend, Ind.

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