Feldman Equities and Tower Realty Partners announced today that ConnectWise has signed a lease for 65,559 square feet in downtown Tampa’s Park Tower.
The market-leading software platform for technology solution providers will relocate its current headquarters office at 4110 George Rd. to Park Tower at 400 N. Tampa St. in early 2022.
The deal comes on the heels of the previously completed a $12 million-dollar renovation to Park Tower. The renovations included a completely brand-new lobby, an all-new storefront and sidewalk replacement, a high-end fitness center with a spin room, lockers and showers, a 24/7 “chill zone” for tenants, a high-end Buddy Brew coffee shop which is interconnected to the lobby and extensive upgrades to the elevators, circulation corridors, elevator landings and bathrooms.
“Park Tower is now the go-to option in downtown Tampa for companies looking to attract and retain Tampa’s most talented workers. Located at the corner of Kennedy Blvd. and Tampa St., Park Tower also sits on the most important intersection in Tampa,” said Baharea Larsen, Feldman Equities Executive Vice President for Leasing and Marketing. “Despite Covid-19, demand for quality buildings with modernized systems and high-quality finishes remains strong in Tampa Bay. These tenants are making a long-term investment in their businesses and know they need to plan for a return to normalcy.”
The long-term lease provides a short-term option to expand ConnectWise’s occupancy to approximately 73,000 square feet. The tenant’s headquarters offices will be located on the 12th, 23rd, 24th and 25th floors. In addition, ConnectWise will occupy a retail space with frontage on Tampa St. where it will house a multi-purpose showcase and exhibition space, enabling local prospects and all visitors to ConnectWise to get firsthand experience and demonstrations of the company’s end-to-end platform of solutions and services in action. ConnectWise will also take the top of building signage. Jimmy Garvey of Cushman and Wakefield and Ryan Reynolds of CBRE represented ConnectWise, and Baharea Larsen and Kelley Iaquinta of Feldman Equities brokered the deal on behalf of the landlord.
“As our company continues to grow and have a positive impact on small- and medium-sized businesses around the globe, we are excited to have a presence in the vibrant, revitalized downtown area, and we look forward to our logo being featured prominently atop the building,” ConnectWise CEO Jason Magee said a statement. “This move is designed to help build brand awareness and solidify ConnectWise as a beacon in the Tampa business and technology scene.”
Click to read the story in The Tampa Bay Business Journal
ConnectWise will move its headquarters to downtown Tampa and take signage rights atop the city’s oldest office tower. The Tampa software company has confirmed that it signed a long-term lease for 65,500 square feet in Park Tower – floors 12, 23, 24 and 25 as well as retail space on the street level – with a short-term option to grow its footprint as large as 73,000 square feet.
ConnectWise is the longest-running, market-leading software platform for technology solutions providers (TSPs). The ConnectWise platform is used by more TSPs around the world than any other software provider. ConnectWise was acquired by Thoma Bravo in 2019.
Park Tower’s recent renovations transformed and modernized the property, which was originally completed in 1973. The most significant changes at Park Tower were the brightening of the 475,000 square foot office building’s façade by painting the exterior white as well as substantially upgrading the main entrance. The office tower’s renovation plan was created by internationally renowned architect Gensler.
Park Tower boasts some of the best views of the Hillsborough River and Tampa Bay. The building’s location at the intersection of Kennedy Boulevard and Tampa Street is considered downtown Tampa’s “main and main”. Since the property was acquired in November of 2016 by a joint venture of City Office REIT, Feldman Equities, and Tower Realty Partners, the occupancy has grown to 92%.