Sunday, September 23, 2012

Wells Fargo Advisors Leases 8,000 SF at City Center in St. Petersburg, FL

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

For a complete copy of the company’s news release, please contact:

Feldman Equities
Larry Feldman

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