Feldman Equities Announces Leases At City Center St Petersburg

4Points Dental Designs and Public Resources Advisory Group, Inc. sign leases at City Center St Petersburg
By: Feldman Equities, Inc.
 
June 3, 2011 - PRLog -- ST. PETERSBURG, FLORIDA, http://www.feldmanequities.com

Feldman Equities, Inc. has completed two leasing transactions at City Center St Petersburg.  Both firms will be relocating to the building.


4Points Dental Designs has leased 1,731 square feet. Peter Fischbach of Office Enterprises, Inc. co-brokered the deal.  

Public Resources Advisory Group, Inc. (http://www.pragadvisors.com) has leased 1,301 square feet.  Paula Smith of Osprey Real Estate Services – North Bay, LLC co-brokered the deal for the financial and investment advisory firm.

Located in downtown St Petersburg, City Center (http://www.CityCenterStPete.com) consists of two office towers joined by a four-story atrium totaling 242,000 square feet on a 2.5 acre site overlooking the waterfront.  A $2 million renovation is underway and will include new elevators, lobby entrance, a fitness center and other improvements. The property was purchased earlier this year in a joint venture consisting of affiliates of Second City Capital Partners, Feldman Equities and Tower Realty Partners.  

“We are encouraged with the activity we have seen in the St. Petersburg market,” stated Feldman Equities Chairman Larry Feldman.  “We pride ourselves on a streamlined lease approval process and competitive lease rates.”

About Feldman Equities, Inc  
In the last 25 years, Feldman Equities has developed or acquired over 11 million square feet of office and retail property with an aggregate value in excess of $2.5 billion. Larry Feldman gained a national reputation as a property turnaround specialist when he was Chairman & CEO of the publicly traded Tower Realty Trust, Inc . In addition City Center St Petersburg Feldman Equities also acquired the Fountain Square II office building in Tampa, in a joint venture with TriGate Capital and Tower Realty Partners. Feldman Equities is recognized for its hands-on approach to turning around distressed assets.

About Tower Realty Partners
Tower Realty Partners is an Orlando-based commercial real estate owner focusing on value-added opportunities throughout the state of Florida. Tower was formed in 1987 by Cliff Stein and Reid Berman. Since its inception, Tower has acquired over $1 billion of office properties. Currently, Tower’s assets consist of over 3.5 million square feet office property throughout Florida. Tower owns and manages approximately 1 million square feet in the greater Tampa area, which includes the Palm Lake office building in North Tampa and Fountain Square II in Tampa's Westshore market.

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Feldman Equities, Commercial Real Estate Develoment & Ownership specializing in turning around distressed assets. Feldman Equities has developed or acquired over 11 million SF of office & retail property with an aggregate value in excess of $2.5 billion.
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Source:Feldman Equities, Inc.
Email:***@feldmanequities.com Email Verified
Tags:Office Space, downtown St Petesburg, Commercial Real Estate, Osprey Real Estate, Office Enterprises, Inc, Feldman
Industry:Real Estate, Property, Business
Location:St. Petersburg - Florida - United States
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