Wells Fargo Center sellers regain equity interest

Feldman Equities LLC and Tower Realty Partners announced they have reacquired an equity position in Wells Fargo Center, a 22-story, 387,477-square foot-office tower in downtown Tampa. The companies say they have formed a joint venture with Connecticut institutional investor Greenfield Partners, which purchased the building late last year.

The office building, located at 100 S. Ashley Drive, Tampa, sold for $78 million, or $201 per rentable square foot.

Feldman Equities and Tower Realty originally acquired the building at the end of 2012 in a joint venture partnership with another institutional investor for $44.8 million.

“We are excited about the future of Downtown Tampa and look forward to being a part of that future,” Larry Feldman, CEO of Feldman Equities, says in a press release.

As part of the agreement, Tower Realty Partners will retain management responsibilities with Feldman Equities providing leasing oversight. Cushman & Wakefield has been retained to represent the ownership group in leasing the building. Jeff Lanning and Brian Breeding of Cushman & Wakefield will spearhead leasing efforts.

The building currently has 33,000 square feet available for lease. Anchor tenants include Wells Fargo, Phelps Dunbar LLP and UBS.