Ameriprise Financial, McLain Foods Move Into City Center, St. Pete

The City Center in St. Petersburg is seeing a significant amount of leasing activity.

On the heels of an $8 million renovation project, two new tenants -- Ameriprise Financial Inc. and McLain Foods -- will take advantage of new first-class amenities offered by the 240,000 square foot, two-building complex including a state-of-the-art fitness center, atrium cafe and 65-seat conference center. Existing tenants Royal Bank of Canada Securities (RBC) and Insco Insurance Services signed lease extensions.

“We want to promote a high-quality lifestyle,” says Larry Feldman, CEO of Feldman Equities, an owner of the City Center. “One building can help attract the types of companies that the St. Pete area needs. We're looking to bring in the innovative-type tenants to make for a really dynamic workplace.”

Ameriprise Financial leased 5,368 square feet of space brokered by Jack Hoskins of CBRE; Hoskins also brokered a 16,350-square-foot lease renewal with RBC. In addition, McLain Foods will move into a 4,069-square-foot space at the City Center while Insco Insurance Services has signed a lease extension and expansion for 3,552 square feet. The recent leasing activity totals 29,339 square feet.

“These are the kinds of businesses St. Pete needs,” says Feldman.

Since December 2010, occupancy at the City Center, managed by Tower Realty Partners, has risen from 44 percent to 76 percent. Over the last 15 months, leasing activity has totaled more than 100,000 square feet.

Writer: Alexis Quinn Chamberlain
Source: Larry Feldman, Feldman Equities
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