Wells Fargo Center Welcomes New Tenants, Renews Existing Leases

May 31, 2013

The millions of dollars spent on modernizing Wells Fargo Center in downtown Tampa seem to be paying off as the tower has managed to attract two new tenants, as well as to renew two existing ones.

By Georgiana Mihaila, Associate Editor

The millions of dollars spent on modernizing Wells Fargo Center in downtown Tampa seem to be paying off as the tower has attracted two new tenants, as well as renewed two existing leases.

One of the nation’s largest law firms, Jackson Lewis LLP, will soon be moving into the tower, after having signed a 6,277 –square-foot lease. The firm, who opened its first Tampa office earlier this year in temporary office space in the Westshore Business District will soon be relocating to the 22-story building. Co-brokers Brian Wyatt and Ryan Reynolds of Cassidy Turley represented Jackson Lewis in the transaction.

First Florida Insurance Brokers—a subsidiary of Lake Mary-based First Florida Insurance Brokers—will also be relocating to Wells Fargo Center after signing a lease for a lease for 3,100 square feet. Represented by David Culligan and Jon Slater of Studley Inc. the firm is relocating from offices in Channelside.

While USAA Realty has not only signed a renewal, but also a 1,776-square-foot lease extension, Gator Capital has also signed on to remain a tenant of the 388,000 -square-foot Wells Fargo Center.

Located near the Tampa Convention Center in downtown Tampa, the 22-story, 388,000 square foot Wells Fargo Center is one of Tampa’s premier Class A office buildings with unobstructed views of Hillsborough Bay, the Hillsborough River and the Downtown Tampa skyline. Anchored by Wells Fargo & Company, Phelps Dunbar and UBS, the LEED Gold-certified Wells Fargo Center is currently 78 percent leased.

Owners Feldman Equities, Inc. and Tower Realty Partners—which purchased the building back in January for $44.8 million—have recently completed a multi-million dollar renovation involving the modernizing of the building systems and telecommunications infrastructure. Renovations to the multi-tenant corridors, currently half way through, include new lighting, new carpeting, and bathroom upgrades. Ownership is also proceeding with extensive upgrades to the building’s leasing amenities including a new restaurant, a high-end fitness center as well as a major upgrade to the parking building’s parking garage. These improvements will begin this summer and will be completed by year end.