{"id":1004752916,"date":"2025-04-01T04:15:33","date_gmt":"2025-04-01T12:15:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004752916"},"modified":"2025-04-03T00:50:56","modified_gmt":"2025-04-03T08:50:56","slug":"foot-locker-relocates-global-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/foot-locker-relocates-global-hq\/","title":{"rendered":"Foot Locker Relocates Global HQ"},"content":{"rendered":"\n<p>Good-bye Big Apple, hello Sunshine City.<\/p>\n\n\n\n<p>Footwear and apparel retailer Foot Locker Inc. has signed a long-term lease for 110,998 square feet at 570 Carillon Parkway in St. Petersburg, Fla., which will be its new global headquarters. The Feil Organization is the building\u2019s owner.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/570-Carillon-Parkway-St.-Petersburg-Fla.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" data-attachment-id=\"1004752957\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/foot-locker-relocates-global-hq\/570-carillon-parkway-st-petersburg-fla\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/570-Carillon-Parkway-St.-Petersburg-Fla.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"570 Carillon Parkway, St. Petersburg, Fla.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Foot Locker Inc. is relocating its global headquarters to 570 Carillon Parkway in St. Petersburg, Fla. Image courtesy of TVS Design&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/570-Carillon-Parkway-St.-Petersburg-Fla.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/570-Carillon-Parkway-St.-Petersburg-Fla.jpg\" alt=\"Foot Locker Inc. is relocating its global headquarters to 570 Carillon Parkway in St. Petersburg, Fla.\" class=\"wp-image-1004752957\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/570-Carillon-Parkway-St.-Petersburg-Fla.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/570-Carillon-Parkway-St.-Petersburg-Fla.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/570-Carillon-Parkway-St.-Petersburg-Fla.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">A rendering of the planned entry to the Foot Locker headquarters at 570 Carillon Parkway in St. Petersburg, Fla. <em>Image courtesy of TVS Design<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Foot Locker\u2019s current headquarters is at 330 W. 34th St. in Manhattan\u2019s Chelsea neighborhood. The retailer first announced its plans to relocate its HQ to St. Petersburg in the third quarter of this past year.<\/p>\n\n\n\n<p>570 Carillon is in Carillon Business Park, within the Gateway Business District, between St. Pete\u2013Clearwater International Airport and the I-275 bridge over Old Tampa Bay. The five-story, 250,000-rentable-square-foot Class A office building features a caf\u00e9, a fitness center, 24\/7 building access and high-speed cable and fiber services. It was completed in 1998, according to CommercialEdge.<\/p>\n\n\n\n<p>The park\u2019s amenities include walking trails and easy access to nearby restaurants, hotels, retail shops, banks and residential neighborhoods.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-office-report-march-2025\/\">Coworking Expands as Flex Work Grows<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Foot Locker was represented in the lease by Lee Winter and Caleb Lewis of JLL. The Feil Organization was represented in-house by Andrew Wiener and Barry Hanerfeld and Molly Molloy Catlett of CBRE.<\/p>\n\n\n\n<p>In a company statement, Foot Locker President Frank Bracken connected the relocation to the company\u2019s Lace Up Plan. This initiative aims to build on the chain\u2019s position as a high-visibility multi-brand retailer and take advantage of factors as varied as the growth of the \u201csneaker culture\u201d among teens and \u201cmass casualization,\u201d as the hybrid work model stabilizes.&nbsp;<\/p>\n\n\n\n<p>Of historical note, Foot Locker traces its trajectory from its birth in 1974 as an outgrowth of the venerable F.W. Woolworth Co. to its current place in the $80 billion-plus sneaker market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-not-necessarily-fun-in-the-sun\">Not necessarily fun in the sun<\/h2>\n\n\n\n<p>The Tampa Bay office market has a hefty 20.0 percent overall vacancy, which at least is down by 120 basis points year-over-year, driven by a decrease in vacant sublease space, according to a fourth-quarter report from Cushman &amp; Wakefield.<\/p>\n\n\n\n<p>The report highlighted the Gateway submarket as a solid performer in rental rates, with a 5.6 percent year-over-year increase, to $26.76 per square foot.<\/p>\n\n\n\n<p>The Tampa Bay development market seems to be characterized in recent months less by office projects and more by warehouse\/distribution activity.<\/p>\n\n\n\n<p>In November, for example, Rockpoint and Greystar partnered up to develop the three-building, 331,803-square-foot second phase of <a href=\"https:\/\/www.commercialsearch.com\/news\/rockpoint-greystar-partner-on-tampa-area-project\/\">Gateway Logistics Center<\/a> in St. Petersburg. The entire 622,200-square-foot 17.5-acre Gateway Logistics Center reportedly is the largest industrial development in Pinellas County in more than 20 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Fortune 500 retailer is leaving its Manhattan headquarters for a Feil Organization building.<\/p>\n","protected":false},"author":882,"featured_media":1004752957,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,21742,21747,32781,1612],"tags":[32789,32799,39188,32796],"class_list":["post-1004752916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-latest","category-office","category-southeast","category-tampa","tag-cbre","tag-cushman-wakefield","tag-feil-organization","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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