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| Morgan Stanley Tower Downtown St. Petersburg, FL |
ST PETERSBURG, FL – Enstar (US) Inc, the US operating
subsidiary of the Enstar Group Ltd,
(Nasdaq:ESGR) whose core focus is acquiring and managing insurance
companies, has leased 13,621 square feet at Morgan Stanley Tower in
downtown St. Petersburg.
The deal was
brokered by Hal Piper of Cassidy Turley. According to Piper, Enstar is
relocating and upgrading their offices with this move downtown.
“Leasing momentum at
the building has exceeded even our own expectations,” said co-owner Larry
Feldman, CEO of Feldman Equities who spearheads leasing for the building.
“The Enstar lease brings total leasing to nearly 56,000
square feet since we bought the building in August of last year. Companies are responding to the building’s
outstanding location, aggressive rental rates and water views.”
The 17-story, 187,000 square foot office building was
purchased last year by a joint venture consisting of affiliates of Feldman
Equities, Tower Realty Partners and Second City Capital Partners.
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| Larry Feldman |
“We purchased the
building soon after Wells Fargo Bank vacated 22,000 square feet,” said Feldman.
Just last month the building was officially renamed Morgan Stanley Tower after
the building’s largest new tenant.
The Morgan Stanley name now graces the downtown skyline as
new signage was erected.
The building 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.
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.
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| Hal Piper |
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 all with an eye towards maximizing value through renovations
and upgrades.
For a complete copy
of the company’s news release, please contact:
Feldman Equities - Larry Feldman, 727-822-3395 lfeldman@feldmanequities.com
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