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| First Central Tower, Downtown St. Petersburg, FL |
ST. PETERSBURG, FL – Feldman Equities has hit the ground
running with their newest acquisition in downtown St Petersburg. They have
signed five firms to new leases totaling nearly 40,000 square feet at the
office building.
New York based Twinlab Consolidation Corporation (“TCC”)
announced last month that it would relocate its integrated corporate
headquarters from New York to downtown St. Petersburg, Florida later this year.
The health and wellness company leased two floors totaling 30,600 square feet
at First Central Tower.
Sanford Mahr of The Mahr Company acted
as the broker for TCC in their expansion to St. Petersburg.
Four other deals
have also been signed at the office building which is undergoing a
multi-million dollar renovation.
Innovative Medical
Risk Management elected to stay downtown relocating two blocks north to First
Central Tower. The 3,000 square foot
lease was brokered by Jimmy Ullrich
and Andrew Medley of JLL.
Rebein Bangerter
Rebein PA with offices in Tampa and Dodge City, Kansas is opening a St. Pete
office leasing 2,605 square feet in a deal brokered by Jon LaBudde of Vector Commercial Real Estate Services.
Avid Advisory and
Investment Group has elected to relocate within downtown St. Pete leasing 1,736
square feet in a deal brokered by Mike
Heretick of Vector Commercial Real Estate Services.
Pipas Law Group
also elected to relocate within downtown St Pete leasing 1,479 square feet in a
deal brokered by Peter Fischbach of
Fischbach Commercial.
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| Larry Feldman |
“Downtown St. Petersburg is a terrific location for our
company which is focused on health and wellness,” said TCC CEO Tom Tolworthy.
Like New York, St. Pete
is a truly “walkable downtown” with hundreds of acres of dedicated city parks
that run along the waterfront.
Within
walking distance from First Central Tower, there are 7 museums, over 45
restaurants, a theater for the performing arts, a major league baseball
stadium, soccer stadium and nearly a dozen marinas.
TCC expects to bring 80 employees to the area - many
through relocation from New York City, Grand Rapids, and Utah and numerous
others, which are expected as new hires from the local area.
“We are thrilled these companies have chosen First Center
Tower,” stated Larry Feldman, CEO of
Feldman Equities, LLC one of the building’s owners. “We have been bullish on the downtown St.
Pete market as evidenced by our purchase of three of its signature office
buildings over the past few years.”
A joint venture consisting of affiliates of Feldman
Equities, Tower Realty Partners and Second City Real Estate acquired First
Central Tower, a 17-story, 250,000 square foot office building late last year.
The group intends to invest nearly $10 million dollars in building renovations
and tenant improvements including a state of the art fitness center.
For a complete copy of the company’s news
release, please contact:
Feldman Equities - Larry Feldman, 727-823-1124 lfeldman@feldmanequities.com
