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| Park Tower Office Building, Downtown Tampa, FL |
TAMPA, FL ——Feldman Equities LLC (“Feldman
Equities” or the “Company”) announced the completion of the extensive
multi-million dollar renovation at Park Tower property in downtown
Tampa.
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| Larry Feldman |
Including signed leases not yet in occupancy,
the building is 94% leased, its highest occupancy in over a decade.
The renovation of Park Tower was instrumental
in bringing over 22 new firms to the building, 15 of which are new to downtown
Tampa.
“The use of
glass and light combined with a stellar amenities package succeeded in
repositioning this prominent historic structure as one of the most notable and
exciting buildings on Tampa’s skyline,” stated Larry Feldman, Chief
Executive Officer of Feldman Equities.
“Park Tower’s owners investing millions in
renovating the city’s original high-rise is just further proof of Tampa’s
renaissance,” said Mayor Bob Buckhorn.
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| Tampa, FL Mayor Bob Buckhorn |
"I look forward to admiring this renovation for years to come.”
In November 2016, a joint venture partnership
consisting of City Office REIT, Inc., Feldman Equities and Tower Realty
Partners acquired Park Tower for $79.8 million.
Since that
time, 170,000 square feet of new and renewal leases have been signed, bringing
occupancy up from a low of 80% to 94% today.
“The renovation and tenant suite upgrades
have completely transformed the building and prospective tenants are responding
with high interest,” said Larry Feldman.
The most dramatic change at Park Tower is the
modernization of the 471,000 square foot office building’s façade.
In addition to painting the exterior a
lighter color, a new and dramatic entrance features a ‘Light Box’ leading into
a stunningly renovated lobby, complete with a new Buddy Brew Coffee café.
“We love
everything about this location and partnership,” said co-owner and CEO of Buddy
Brew Coffee, Dave Ward. The new café’s attractive layout and
design features a cosmopolitan aesthetic and high-end furnishings
to match Park Tower’s modernization.
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| Dave and wife Susan Ward, co-owners, Buddy Brew Coffee Tampa, FL |
The renovation, designed by internationally-renowned architect Gensler, takes full advantage of Park Tower’s location across from the Tampa Riverwalk.
The removal
of the concrete knee wall, the installation of glass storefronts with bright
lighting and new exterior lighting have made the building much more inviting at
the streetscape level.
On the interior, high-quality additions and
improvements to common spaces and amenities have been made, including:
· All new
fitness center and yoga room with spin bikes
· The all
new Buddy Brew Coffee café
· 6th floor
“Chill Zone” tenant lounge
· Shared
tenant conference room
· New lobby
concierge desk
· Renovated
parking garage with new LED lighting
Contact:
Mack Feldman
813-221-6699
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