ST. PETERSBURG, FL – Wells Fargo Advisors has leased 8,000
square feet at City Center (top left
photo) in downtown St. Petersburg.
This latest lease brings occupancy at the building to over 80%.
“Over the last 20
months, we've leased over 105,000 square feet and have taken occupancy from
44.1% at acquisition in December of 2010 to over 80% in September of 2012. In addition, we've inked over 20,000 square
feet in renewals.” stated Larry Feldman
(middle right photo), CEO of Feldman Equities, Inc.
Broker Reynolds McCabe (middle left photo) of
Travers Realty represented Wells Fargo Advisors in the transaction.
The Wells Fargo
Advisors’ lease follows on the heels of a multi-million dollar renovation
program at the property. Ownership recently completed a state-of-the-art
fitness center complete with shower facilities.
Ownership also upgraded the elevator lobbies and the parking
garage, and work is nearly completed to upgrade the elevator systems and
elevator cabs. The elevator work involves a million dollar upgrade of the
motors and controls, as well as all new elevator cabs.
A marble-clad concierge desk has been installed in the lobby
which is providing tenants with services ranging from welcoming visitors to the
building to finding baseball tickets for the Tampa Bay Rays game or even acting
as a temporary secretary for the day.
“Our success at City
Center has been derived from an aggressive pricing program coupled with a
spectacular renovation program. As a result of our renovations, the building
has by far the best amenity package of any building in downtown St.
Petersburg,” stated Feldman.
On-site building amenities at City Center in downtown St.
Petersburg include a state-of-the-art fitness center complete with shower
facilities, a full time concierge, an Atrium Café, a large conference center
capable of seating 65 people with Wi-Fi and audiovisual equipment, on-site
banking and a recently renovated six-story parking garage. These amenities are
in addition to all of the waterfront retail and dining options located within
walking distance.
City Center is owned
by a joint venture consisting of affiliates of Second City Capital Partners,
Feldman Equities, Inc., and Tower Realty Partners, Inc.
More information can be found on the City Center website www.citycenterstpete.com
For a complete copy
of the company’s news release, please contact:
Feldman Equities
Larry Feldman
727-822-3395
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