Feldman Equities, Inc. and Tower Realty Partners have recently completed four leasing transactions at Wells Fargo Center located in downtown Tampa. The joint venture purchased the Class A office building in January.
Jackson Lewis LLP, one of the country’s largest and fastest-growing workplace law firms, moves new office to downtown Tampa. Jackson Lewis is a national law firm with 750 attorneys.
Jackson Lewis LLP leased 6,277 square feet at Wells Fargo Center. The firm, who opened their first Tampa office earlier this year in temporary office space in the Westshore Business District, is relocating to permanent offices in downtown Tampa at Wells Fargo Center. Co-brokers Brian Wyatt and Ryan Reynolds of Cassidy Turley represented Jackson Lewis in the transaction.
First Florida Insurance Brokers relocating from Channelside
First Florida Insurance Brokers [FFIB], Tampa, a subsidiary of The Ballator Insurance Group, a privately held company headquartered in Lake Mary Florida, has signed a lease for 3,100 square feet. Represented by David Culligan and Jon Slater of Studley Inc. the firm is relocating from offices in Channelside.
Two other firms signed renewals and/or expansions at the building
USAA Realty signed a renewal and expansion for 1,776 square feet while Gator Capital signed a 1,000 square foot renewal.
Larry Feldman, CEO of Feldman Equities spearheads leasing efforts while Tower Realty Partners handles management responsibilities. “We’re excited about the early leasing momentum at Wells Fargo Center. Following our renovations, we believe that Wells Fargo Center will be a contender for one of the top office buildings in downtown Tampa. The quality of our building and our aggressive pricing makes Wells Fargo Center an extremely strong competitor in the downtown Tampa office market,” stated Feldman.
The building has recently undergone a multi-million dollar renovation involving the modernizing of the building systems and telecommunications infrastructure. The building received Gold LEED certification in 2010. Renovations to the multi-tenant corridors are approximately 50% complete. The corridor renovations include new lighting, new carpeting, and bathroom upgrades. Ownership is also proceeding with extensive upgrades to the building’s leasing amenities including a new restaurant, a high-end fitness center as well as a major upgrade to the parking building’s parking garage. These improvements will begin this summer and will be completed by year end.
Located near the Tampa Convention Center in downtown Tampa, the 22-story, 388,000 square foot Wells Fargo Center is one of Tampa’s premier Class A office buildings with unimpeded views of Hillsborough Bay, the Hillsborough River and the Downtown Tampa skyline. Anchored by Wells Fargo & Company, Phelps Dunbar and UBS, Wells Fargo Center is currently 78% leased with one of downtown Tampa’s most desirable full floor vacancies.
Over the last 20 years, Feldman Equities and Tower Realty Partners have successfully acquired and renovated millions of square feet of underperforming office buildings. The joint venture plans on implementing an aggressive renovation and leasing program at Wells Fargo Center, building on their recent success in bringing Fountain Square II from 70% to over 97% leased and City Center in downtown St. Petersburg from 44% to over 93% occupancy. These goals were accomplished within a little over two years following the acquisition of the assets.