{"id":288027,"date":"2026-05-28T20:44:06","date_gmt":"2026-05-28T20:44:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/288027\/"},"modified":"2026-05-28T20:44:06","modified_gmt":"2026-05-28T20:44:06","slug":"local-firm-buys-landmark-st-pete-office-tower-plans-20m-renovations","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/288027\/","title":{"rendered":"Local firm buys landmark St. Pete office tower, plans $20M renovations"},"content":{"rendered":"

Feldman Equities acquired downtown St. Petersburg<\/a>\u2019s tallest office tower and plans to invest more than $20 million into the property as investors continue favoring office buildings in walkable downtown districts across Florida.<\/p>\n

The Tampa Bay real estate<\/a> firm said Thursday that it purchased 200 Central Avenue, a 28-story, 308,000-square-foot tower that anchors downtown St. Petersburg\u2019s business<\/a> district and counts Raymond James, ARK Invest, Merrill Lynch, Dynasty Financial Partners, Trenam Law and Industrious among its tenants. Terms of the transaction were not disclosed.<\/p>\n

Ground-floor retail<\/a> tenants include Craft Kafe, Taverna Costale and Naked Farmer.<\/p>\n

Office transactions across the U.S. remain below pre-pandemic levels, but Florida markets have held up better than many coastal cities as population growth and stronger return-to-office trends continue supporting demand for newer buildings in walkable districts.<\/p>\n

Feldman Equities said the joint venture, which includes The Youngquist Family and Equity Street Capital, will modernize the building\u2019s HVAC, electrical and mechanical systems, replace elevators and upgrade life-safety infrastructure and common areas. The work will also include upgrades to the building envelope, lobby and skybridge.<\/p>\n

Read the latest Tampa business news and updates<\/a><\/p>\n

Rising more than 380 feet above Central Avenue, the tower sits near the St. Pete Pier and downtown waterfront and connects by skybridge to an adjacent parking garage.<\/p>\n

Feldman said the firm continues seeing demand from companies seeking higher-quality office space in walkable downtown districts.<\/p>\n

\u201cOur continued investment in downtown St. Petersburg\u2019s office market is a vote of confidence in this city\u2019s future,\u201d Mack Feldman, vice president at Feldman Equities, said in a statement. \u201c200 Central is the address of choice for premier tenants in Tampa Bay, and we intend to build on that reputation.\u201d<\/p>\n

The acquisition continues Feldman Equities\u2019 strategy of buying office properties across Tampa Bay and repositioning them through redevelopment and in-house management. The company and its partners own or manage more than 2 million square feet across Florida and have developed or acquired more than 11 million square feet of office and retail property.<\/p>\n

Read More Tampa Bay Business News<\/p>\n

\n Explore the latest Tampa Bay business news, real estate deals, development projects, executive moves and company updates shaping the region.\n <\/p>\n

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