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| Morgan Stanley Tower St. Petersburg, FL |
ST PETERSBURG, FL –
Leasing momentum continues at the newly renamed Morgan Stanley Tower in
downtown St. Pete.
RE/MAX Metro has
leased 9,218 square feet and will move their corporate headquarters into the
Tower in September. The deal was
brokered by RE/MAX Metro’s Commercial Division.
The Class A office
building formerly known as Wells Fargo Plaza/150 2nd Avenue North was renamed
Morgan Stanley Tower after the financial services giant signed a long-term
lease earlier this year.
“It was very important for us to continue to maintain a
prime downtown location with street level entrance for our consumers,” stated
RE/MAX Metro President and Owner, Rick Brown.
“The location in the Morgan Stanley Building, across from
Sundial, in what will be the most prestigious financial center in downtown St.
Petersburg was the perfect fit for our 75 agents and Luxelist (luxury)
Division.”
RE/MAX Metro corporate headquarters has been located across
the street from Morgan Stanley Tower for nearly 13 years. The company which handles all types of real
estate services, including residential, luxury, bank-owned, property management
and commercial properties has additional offices in Treasure Island, Tierra
Verde and Gulfport.
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| Rick Brown |
The 17-story, 187,000 square foot office building was
purchased in August of last year by a joint venture consisting of affiliates of
Feldman Equities, Tower Realty Partners and Second City Capital Partners.
“We
purchased the building soon after Wells Fargo Bank vacated 22,000 square feet,”
said co-owner Larry Feldman, CEO of Feldman Equities who spearheads leasing for
the building.
“In less than a year we
have leased 42,282 square feet. This acquisition gave us the opportunity to do
what we do best - renovating and upgrading office buildings in order to
maximize their value.”
A multi-million
dollar renovation will begin later this year. Morgan Stanley Tower is one of
downtown St. Petersburg’s best-located, premier Class A office buildings with
water views of Tampa Bay and a premium downtown location across from the new
Sundial Shops (formerly BayWalk). The
group also owns the nearby, 242,000 square foot City Center office building.
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| Larry Feldman |
Over the last 20 years, Feldman Equities and Tower Realty
Partners have successfully joint ventured on the acquisition of millions of
square feet of underperforming office buildings.
Most recently the joint
venture has partnered on City Center in downtown St Petersburg, Wells Fargo
Center in downtown Tampa and Fountain Square II in Tampa’s Westshore Business
District.
For a complete copy of the company’s news release, please
contact:
Feldman Equities - Larry Feldman, 727-822-3395 lfeldman@feldmanequities.com
RE/MAX Metro – Rick Brown, 727-896-1800 rick@metroagents.net
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