Downtown Tampa Office Tower sold for $120 Million

The Feil Organization, a New York real estate investment firm, has acquired the Wells Fargo Center for $120 million. The deal was facilitated by CBRE. A group of investors, led by Feldman Equities, which is headquartered in the building, and Tower Realty Partners, headquartered in Orlando, was the seller.  The group originally purchased the building for $44.8 million in 2012, the ownership was restructured in a deal in 2014 for $78 million.  The building is 93% leased.  One of Tampa’s premier Class A office buildings, Wells Fargo Center is located in downtown Tampa within walking distance of the Tampa Convention Center and Tampa’s Riverwalk.  The 22-story, 387,000 square foot office tower offers unimpeded views of the downtown Tampa Skyline, Hillsborough River and Hillsborough Bay.  Anchor tenants include Wells Fargo & Company, Phelps Dunbar and UBS. A multi-million-dollar renovation has upgraded the tenant amenities and common areas as well as modernizing the building’s telecommunications infrastructure and building systems.  Over 50 restaurants and 10 hotels are within walking distance and the building is easily accessible to I-275, I-4 and the Selmon Expressway.  The Gold LEED and Energy Star Certified building features an attached nine-story parking garage with 505 parking spaces.  Building amenities include a courtesy downtown shuttle service, fitness center, café and lounge offering complimentary WIFI and a conference center.

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