Downtown Tampa’s Park Tower Wins Full-Floor Coworking Space

Pipeline Workspaces has signed a lease to occupy the entire 15th floor at downtown Tampa’s Park Tower. Read the Tampa Bay Business Journal story.

Pipeline Workspaces coming to downtown Tampa’s Park Tower – Tampa Bay Business Journal

Downtown Tampa’s oldest office tower has landed a full-floor lease with Pipeline, a coworking company with locations in Philadelphia and throughout Florida. Pipeline said Monday that it will occupy the entire 15th floor, or 15,000 square feet, of Park Tower at 400 N. Tampa St.

 

PIPELINE TO BRING ITS UNIQUE BRAND OF SHARED WORKSPACES TO DOWNTOWN TAMPA’S PARK TOWER

The national co-working concept’s first Tampa location will offer open space, dedicated desks and private offices. Spaces will range from $199 to over $5,000 per month.

Pipeline Workspaces announced its seventh US location and first in the Tampa Bay market. The national shared workspace concept will occupy the entire 15th Floor at Park Tower situated in the heart of downtown Tampa.  This announcement comes just six months after the shared workspace company made its entrance into the Central Florida market with Pipeline Orlando.

Pipeline is a shared workspace concept that caters to a diverse community of entrepreneurs, corporate teams and professionals that require a higher level of office space design, sense of community and thought-provoking programming. Flexible membership options designed to accommodate every budget span a variety of packages, from virtual offices to private suites. All members enjoy 24/7 access, free high-speed internet (wired and Wi-Fi), high-design furniture, organic coffee and specialty teas, and receptionist services as well as use of a business center, conference rooms and much more.

Pipeline Tampa will approximately 15,000 square feet at Park Tower Tampa located at 400 North Tampa St. in the heart of the Central Business District.  The premier office building is currently undergoing a multimillion-dollar modernization that will further position the property as one of downtown’s most sought-after office towers.

CBRE brokers Shay Pope and Mike Fisher represented Pipeline Workspaces in the lease negotiations. Feldman Equities’ Mike DiBlasi and Ceci Tricoli represented the Park Tower ownership group.

“The Pipeline deal is significant for downtown Tampa,” said Mike DiBlasi, Feldman Equities Executive Vice President for Leasing and Marketing. “Tampa is joining the likes of Miami in attracting one of the country’s preeminent shared workspace companies to its urban core.”  

Leading the design of the Pipeline space will be world renowned architecture firm Gensler.

“Over the past several years, we have been successful in building a deep and knowledgeable team that has enhanced our operations and platform as Pipeline has evolved from a start-up with one location to a national enterprise,” stated Pipeline Co-

Founder Todd Oretsky. “This expansion is signifying the next stage of our brand’s accelerated growth.”

As one of the 25 fastest growing cities in the US, according to Forbes, Tampa is an ideal location for the expansion of Pipeline’s Florida network of shared workspaces. The brand currently has four locations in South Florida –– Brickell, Coral Gables, Doral and Fort Lauderdale –– in addition to its shared workspace in Philadelphia and new space opening soon in Orlando.

“Tampa’s economy, driven by its growing financial services and information technology sectors, is booming. Major investment in the revitalization of its urban core combined with a tight office market provide a receptive environment for the kind of business and social network Pipeline fosters,” said Pipeline Co-Founder Philippe Houdard. “In Tampa, we aim to create a place where a community of individuals at different stages of the business cycle can leverage each other’s talents and resources. We’re also establishing a statewide network for our Florida members that they can tap into for their businesses.”

Pipeline has provided collaborative workspaces for teams from leading international companies such as Google, Uber, Priceline, Postmates, Microsoft and Wendy’s, as well as local professional service firms and independent entrepreneurs. To learn more about Pipeline, visit www.pipelineworkspaces.com.

About Pipeline Workspaces

Pipeline Workspaces is a creatively-designed, shared workspace with a diverse community of entrepreneurs, start-ups, independent professionals and small business teams.  Pipeline is membership based and offers a flexible assortment of private offices, dedicated desks, flexible space, and virtual offices – as well as a café, large event space, lounge, technology-enhanced conference rooms and more. To learn more, visit www.pipelineworkspaces.com and follow the company on Facebook, Twitter and Instagram

Park Tower Renovations Underway – Building experiences STRONG Leasing MOMENTUM

2017 was a good year for Tampa’s Park Tower. A new ownership group consisting of City Office REIT, Feldman Equities LLC and Tower Realty Partners commenced a multi-million dollar renovation at Park Tower to be completed this summer. Since acquiring Park Tower, eleven new tenants have leased space at the building. Mike DiBlasi, Feldman Equities Executive Vice President for Leasing and Marketing expects 2018 to be even better. “The renovation announcement really jump-started our leasing efforts in 2017,” said DiBlasi. The largest of those deals was a 10,500 square foot lease with CAPTRUST Advisors, LLC to relocate their headquarters to the building. In 2017, DiBlasi and Leasing Representative Ceci Tricoli leased over 44,000 square feet of new space before renovations began, and have signed proposals in-hand for an additional 15,000 square feet.

The ownership group successfully converted an empty 14,685 square foot full floor to move-in ready spec suites ranging in size from 1,500 square feet to 3,500 square feet. The suites have been quickly absorbed by the market.  “We hope to convert another floor to move-in ready suites this year — unless of course, a full floor user sweeps in first.” said DiBlasi. “Once the renovations are completed this summer, including the addition of a swanky new Buddy Brew Coffee café in the lobby, Park Tower will be more than 90% leased for the first time in over a decade.”

DiBlasi expects the renovations and spectacular views of Hillsborough Bay, the Hillsborough River and the Downtown Tampa skyline to advance the quick lease-up of the building’s remaining office space. “We have had tremendous success leasing up our past projects after completing our renovations – current occupancy is over 97%. Park Tower should be similarly successful. This is a great opportunity for tenants of all sizes to move into the heart of downtown,” said DiBlasi.

In November 2016, a joint venture partnership consisting of City Office REIT, Feldman Equities LLC and Tower Realty Partners acquired Park Tower. New leases signed include the headquarters relocation of CAPTRUST Advisors, LLC, Buddy Brew Coffee and Continuity Logic, LLC. The building is anchored by BB&T, United States Department of Justice – US Attorney’s Office, Level 3 Communications, and Lykes Insurance.

The most significant change underway at Park Tower is the modernization and brightening of the 475,000 square foot office building’s façade by painting the exterior white and upgrading the main entrance. The building’s amenities are also being upgraded with a modern, new lobby and the addition of Buddy Brew Coffee café.  The office tower’s design was created by internationally-renowned architect Gensler.

 

 

 

 

 

 

In the works are new tenant amenities, including: 

  • High-end, Buddy Brew Coffee, lobby café with seating
  • 6th floor “Chill Zone” tenant lounge
  • All new fitness center and yoga room with spin bikes
  • Shared tenant conference room
  • New lobby concierge desk
  • Renovated parking garage with new LED lighting

Park Tower is located in the heart of downtown Tampa directly across from The Tampa Riverwalk & Hillsborough River; Curtis Hixon and Gaslight Parks; and the Glazer Children’s Museum and the Tampa Museum of Art.  It is within walking distance of the Tampa Convention Center, University of Tampa, and the David A. Straz Jr. Center for the Performing Arts. The tower is LEED EB Gold Certified and EPA Energy Star certified.  The tower’s current amenities include FedEx Office, U.S. Post Office, BB&T Bank, Grow Financial Credit Union, Pearl Salon, Nature’s Table Café, and a fitness center and conference room (currently undergoing renovation).

The Success of Park Tower is Significant for Tampa’s Overall Downtown Office Market

By  – Senior Reporter, Tampa Bay Business Journal
 Updated 
 

For downtown Tampa’s Park Tower, a flurry of leasing activity unfolded before multimillion-dollar renovations began.

The oldest office tower in downtown Tampa saw a flurry of leasing activity in 2017 — a year in which the rest of the downtown office market was largely at a standstill.

But through a series of deals totaling 44,000 square feet, including the relocation of CapTrust Advisors from another Feldman-owned property, the tower’s occupancy is 87 percent. If all of the potential deals the landlord is chasing come to fruition, occupancy could top 90 percent by this summer, said Mike DiBlasi, vice president of leasing and marketing for Feldman.

“There’s historical significance — people like that it was the first real downtown high rise,” DiBlasi said. “We’re in this world where old things are cool.”

The success of Park Tower is significant for the overall downtown office market. 

Read the rest of the article here

Park Tower in downtown Tampa sees flurry of leasing activity – Tampa Bay Business Journal

The oldest office tower in downtown Tampa saw a flurry of leasing activity in 2017 – a year in which the rest of the downtown office market was largely at a standstill.

Park Tower Wecomes Dechert LLP & Bard, Rao + Athanas

Park Tower’s 22nd floor is getting two more new tenants. Dechert LLP and Bard, Rao + Athanas Consulting Engineers, LLC are the newest tenants to occupy the move-in ready spec suites which have been quickly absorbed by the market.  “We hope to convert another floor to move-in ready suites this year — unless of course, a full floor user sweeps in first,” said Mike DiBlasi, Feldman Equities Executive Vice President for Leasing and Marketing. The deals were brokered by Brad Knop of JLL and Megan Lawler of Colliers International.

 

 

Welcome Attorney Seth Nelson

Attorney Seth Nelson is the newest Park Tower spec suite tenant on the 22nd floor.  Special thanks to our co-broker Phil Dinkins of Cushman & Wakefield who represented Nelson in the lease transaction. We have four more move-in suites ready to go!  Downtown Tampa Office Space

Check out this video tour of Suite 2220 ready for lease!  http://www.parktowertampa.com/videos/suite2220.html 

Daniel Crick, CPA Leases First Park Tower Spec Suite

The move-in ready spec suites on Park Tower’s 22nd floor are ready! The space is spectacular if we do say so ourselves. Daniel Crick, CPA has leased the first of the six spaces leasing 1,540 square feet. Special thanks to our co-broker Jon Slater of Savills Studley who represented Crick in the lease transaction.   We have five more move-in suites ready to go!  Downtown Tampa Office Space

Check out the video tour of the space here. 

http://www.parktowertampa.com/email/22floor2260.html 

Buddy Brew Coffee To Open A New Retail Location In Downtown Tampa’s Park Tower

Tampa’s beloved specialty coffee roaster, Buddy Brew Coffee with the passion to Brew Good and Do Good, announced today that they will open a new coffee shop location in downtown Tampa’s Park Tower. 

 “We are excited to be opening a location in the heart of downtown Tampa and thrilled to be part of the beautiful renovation plan for Park Tower.  We are delighted about City Office REIT and Feldman Equities’ plan to make the building come alive by creating a beautiful space for building community and connection in our urban center. These plans perfectly align with our Buddy Brew mission – to share joy and inspire hope that transforms our community.  The new Park Tower will do exactly that. As a home-grown Tampa brand, we are overjoyed by this opportunity to share this mission with our downtown Tampa community.  We love everything about this location and partnership,” said co-owner and CEO of Buddy Brew Coffee, Dave Ward.

“Buddy Brew is an integral part of Park Tower’s multi-million dollar renovation as we focus on providing tenants with a top notch amenity package,” commented co-owner Larry Feldman, CEO of Feldman Equities. This new Buddy Brew Coffee cafe will boast a unique layout and design created by Tampa’s own premier architectural firm, Alfonso Architects. The design will feature a cosmopolitan aesthetic and high-end furnishings to match Park Tower’s modernization.  Buddy Brew plans to offer their full menu of coffee drinks, eclectic culinary dishes and select pastries as well as craft beer and wine.

Buddy Brew Coffee’s newest expansion will allow the company to bring their quality specialty coffee and Brew Good Do Good service to downtown Tampa.  With the addition of the company’s sixth location, Buddy Brew Coffee is making strides to build brand awareness throughout the Tampa Bay area and beyond.

About Buddy Brew Coffee

Buddy Brew Coffee, specialty coffee craft roaster, was founded by Dave and Susan Ward in 2010 with their first roaster and coffee bar in the heart of Tampa, Florida. Since then, they have rapidly expanded with four additional locations: a Coffee Bar at Oxford Exchange, Buddy Brew in Sarasota, Buddy Brew Hyde Park Village and Buddy Brew Coffee in Terminal F of the Tampa International Airport.

About Park Tower

In November 2016, a joint venture partnership consisting of City Office REIT, Feldman Equities LLC and Tower Realty Partners acquired Park Tower, a 36-story, 475,000 square foot office building located in downtown Tampa.  They have since embarked on an extensive multi-million dollar renovation.

The most dramatic change at Park Tower will be the modernization of the building’s façade which includes painting the exterior a lighter color and a new and dramatic entrance.  The building’s amenities will be also upgraded, including a striking new lobby featuring Buddy Brew Coffee. 

The office tower’s updated design by internationally-renowned architect Gensler will create a Class-A experience that persists from the sidewalk to the tenant door. 

In addition to exterior renovations, plans include the addition of new tenant amenities, including:

  • Buddy Brew Coffee
  • 6th floor “Chill Zone” tenant lounge
  • All new fitness center and yoga room with spin bikes
  • Shared tenant conference room
  • New lobby concierge desk
  • Renovated parking garage with new LED lighting

About Feldman Equities, LLC 

Over the past 30 years, Feldman Equities has developed or acquired over eleven million square feet of office and retail properties with an aggregate value in excess of $3 billion. Feldman is a “re-inventor” of the office building and specializes in turning around distressed office assets. Feldman Equities and its partners own and manage 1.6 million square feet of office space in downtown Tampa and downtown St. Petersburg. www.feldmanequities.com

 About Tower Realty Partners 

Tower Realty Partners is a privately held, commercial real estate investment & management company based in Orlando, Florida. Founded in 1987 by principals Cliff Stein & Reid Berman, Tower Realty partners has been involved in the acquisition, leasing, and management of over 20 million square feet of real estate totaling in excess of $1.6 billion in transactions. www.towerrealtypartners.com