Feldman Equities acquired downtown St. Petersburg’s tallest office tower and plans to invest more than $20 million into the property as investors continue favoring office buildings in walkable downtown districts across Florida.
The Tampa Bay real estate firm said Thursday that it purchased 200 Central Avenue, a 28-story, 308,000-square-foot tower that anchors downtown St. Petersburg’s business district and counts Raymond James, ARK Invest, Merrill Lynch, Dynasty Financial Partners, Trenam Law and Industrious among its tenants. Terms of the transaction were not disclosed.
Ground-floor retail tenants include Craft Kafe, Taverna Costale and Naked Farmer…