Feldman Equities LLC and Tower Realty Partners have reacquired an equity position in Wells Fargo Center. The groups’ ownership interest is a joint venture partnership with an institutional investor that purchased the building late last year.
Feldman Equities and Tower Realty originally acquired the building at the end of 2012 in joint venture partnership with another institutional investor. “We are excited about the future of Downtown Tampa and look forward to being a part of that future,” stated Larry Feldman, CEO of Feldman Equities.
As part of the agreement Tower Realty Partners will retain management responsibilities with Feldman Equities providing leasing oversight. Cushman & Wakefield has been retained to represent the ownership group in leasing the building. Jeff Lanning and Brian Breeding of Cushman & Wakefield will spearhead leasing efforts. The building currently has 33,000 square feet available for lease.
“Wells Fargo Center has one of the best locations downtown,” said Lanning. “Tenants love the newest amenities which include a state-of the-art fitness center, conference room with a 90” TV, a modern café and internet lounge all with views of the Hillsborough river.”
Wells Fargo Center recently underwent a multi-million dollar renovation involving the modernizing of the building systems and infrastructure including an entirely new air conditioning system and new roof. The building leasing amenities have been extensively upgraded including a new restaurant, a high-end fitness center and a major upgrade to the parking building’s parking garage. Tenant corridors are being renovated to include new lighting, carpeting, and bathroom upgrades.