Walbridge Aldinger Moving to Downtown Tampa’s Wells Fargo Center.

Feldman Equities is pleased to announce one of Tampa Bay Business Journal’s Best Places to Work (2016) is moving to downtown Tampa’s Wells Fargo Center. Walbridge Aldinger, LLC, a construction services firm, has leased 6,438 square feet in a deal co-brokered by Chris Butler of Franklin Street. Walbridge Aldinger Company offers general contracting, design-build, construction management, pre-construction, engineering management, and program management services, as well as engineering, procurement, and construction services; and concrete, equipment installation, and facility management services. Walbridge Aldinger Company was founded in 1916 and is headquartered in Detroit, Michigan.

TWFC Eblast Walbridge

Two New Leases & a Renewal at Wells Fargo Center Tampa

Leasing remains strong at downtown Tampa’s Wells Fargo Center!  Feldman Equities Mike DiBlasi & Ceci Tricoli along with co-brokers from JLL and Cushman & Wakefield have signed two new tenants and a 30,311 square foot renewal.

TWFC Eblast Dunbar

Phelps Dunbar signed the 30,311 square foot renewal which was co-brokered by David Green of JLL. The law firm opened its Tampa office in 2001 as a part of the firm’s goal of becoming the preeminent firm in the Gulf Coast. With the growth in the Tampa Bay region, as well as the state of Florida as a whole, the Tampa office has quickly become one of Phelps Dunbar’s leading offices with approximately 50 attorneys.

Attorneys in the Tampa office have particular strengths in the areas of business and transactional proceedings, litigation, insurance and reinsurance, intellectual property, bankruptcy and creditors’ rights, real estate, and employment law. 

The building welcomes two new tenants.

Scarborough Attorneys at Law signed a new lease co-brokered by Kenneth Tenukas of Cushman & Wakefield. Scarborough Attorneys at Law is an AV Peer Review rated insurance defense law firm operating throughout Florida.

Kynes, Markman & Felman, P.A. signed a new lease co-brokered by John Fish of Cushman & Wakefield. The law firm based in Tampa focuses on civil appeals and litigation support and criminal defense and appeals.  

Wells Fargo Center Reaches 93% Occupancy for the First Time in Two Decades

It took the new ownership only 13 months to bring occupancy at Wells Fargo Center in downtown Tampa to over 90%.  The signature office tower reached 93% occupancy with over 96,000 square feet of leases since Feldman Equities and Tower Realty Partners purchased the Class A office building in January of 2013.  Larry Feldman, CEO of Feldman Equities who is a co-owner of the building, spearheads leasing efforts.  He attributes their leasing success to aggressive rental rates and the recent renovations to the building.  “Prospects and tenants have responded favorably to our newest amenities including a state-of the-art fitness center, conference room with a 90” TV and a modern café and internet lounge,” according to Feldman.

Recent leases include six new leases totaling over 22,000 square feet.

  • Regus leased approximately 13,000 square feet. The deal was co- broker by Michael Fisher of CBRE.
  • Hamilton, Miller & Birthisel, LLP, Florida trial attorneys, expanded by approximately 3,700 square feet.
  • LGI Homes, a publicly traded national homebuilder, leased approximately 2,000 square feet.

The deal was co-brokered by Josh Dohring of the Dohring Group.

  • The American Lung Association leased 1,600 square feet. The deal was co-brokered by Howard Lee.
  • Attorney Bryan Rotella leased approximately 1,000 square feet. The deal was co-brokered by Matt Watson of Cardinal Point.
  • Bordes LLC leased approximately 1,000 square feet.

Wells Fargo Center has recently undergone a multi-million dollar renovation involving the modernizing of the building systems and infrastructure including an enitirely 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. Ownership is installing an all new elevator system which will be completed in 2014.  The corridor renovations will include new lighting, new carpeting, and bathroom upgrades.

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.  It is anchored by Wells Fargo & Company, Phelps Dunbar and UBS.

Over the last 20 years, Feldman Equities and Tower Realty Partners have successfully acquired and renovated millions of square feet of underperforming office buildings. In addition to bringing Wells Fargo Center to 93% leased, the joint venture has brought Fountain Square II in Tampa’s Westshore Business District from 70% to over 97% leased and City Center in downtown St. Petersburg from 44% to over 94% occupancy.  These goals were accomplished within a little over two years following the acquisition of the assets.