CAPTRUST Advisors, LLC has signed a lease to relocate its headquarters to nearly 10,500 square feet in Park Tower in downtown Tampa.
The investment consulting firm will relocate to Park Tower later this year after almost 20 years in the CAPTRUST building at 102 W Whiting Street. That building is scheduled for demolition as part of Feldman’s Riverwalk development.
The deal comes on the heels of the previously announced multimillion-dollar renovation to Park Tower. “The renovation plan is already impacting the building’s leasing,” said Mike DiBlasi, Feldman Equities Executive Vice President for Leasing and Marketing. “The plan to reposition this historic structure as one of the most notable and exciting buildings on Tampa’s skyline is resonating with prospects. We are seeing interest from quality conscious firms for whom high-end finishes and amenities are a must.” CAPTRUST will occupy the building’s 18th floor which features expansive views of the waterfront and downtown skyline. The tenant representation broker for the CAPTRUST lease transaction was Doug Bartley, Partner with Commercial Advisory Services.
“CAPTRUST is excited to modernize our offices and relocate into the center of downtown Tampa in Park Tower. The new façade and chic upgrades will be a refresh for CAPTRUST and a focal point near the Riverwalk and major corridors in Tampa. Our employees are looking forward to the move and the opportunity to take advantage of all the new amenities.” Eric Bailey, Managing Principal
CAPTRUST Advisors, LLC is a privately-held, employee-owned, independent investment consulting practice headquartered in Tampa, Florida. Founded in 1998, CAPTRUST provides investment consulting services to institutional investors, corporate retirement plans, and family offices.
The most dramatic change at Park Tower will be the modernization of the 475,000 square foot office 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 with a striking new lobby.
In addition to exterior renovations, plans include the addition of new tenant amenities, including:
- High-end 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 currently has full floor availabilities, including a full floor of just-built, move-in ready spec suites. “We’ve had a lot of interest in the spec suites which are nearing completion, said DiBlasi. I’m not sure what has impressed prospects more – the views or the renovation plan.”
In November 2016, a joint venture partnership consisting of City Office REIT, Feldman Equities and Tower Realty Partners acquired Park Tower for $79.75 million.