Adams and Reese Celebrates 30 Years at Morgan Stanley Tower

One of the South’s prominent regional law firms, Adams and Reese, is celebrating 30 years in downtown St. Petersburg at Morgan Stanley Tower. One of the building’s first tenant’s has renewed the firm’s commitment to St. Petersburg and Pinellas County signing a five-year lease renewal. Partners David Bernstein and Jim Dickson have officed at Morgan Stanley Tower for all of those 30 years.

Adams and Reese Partner David Bernstein

Bernstein stated, “We are deeply committed to our St. Petersburg location, our community and our clients. We have enjoyed much success for our clients here over the previous years and have solidified our future to continue to serve St. Petersburg at Morgan Stanley Tower.”Partner in Charge Rick Flowers added: “Our location is convenient for the business community and our office space is an outstanding environment for Adams and Reese and our clients.” 

Adams and Reese 17th Floor Offices

“Anytime a tenant renews it is the ultimate compliment for us,” stated Feldman Equities CEO Larry Feldman who owns the building with joint venture partner Tower Realty Partners. “We spent millions renovating the building upgrading and adding amenities with an eye towards keeping and exceeding the expectations of exceptional tenants like Adams and Reese added Feldman. We appreciate their confidence in our ownership and management. Feldman Equities spearheads leasing responsibilities with Tower Realty Partners handling property management.

About Adams and Reese
Adams and Reese is a multidisciplinary law firm with nearly 300 attorneys and advisors strategically located in 18 offices across 17 markets throughout the southern United States and Washington, D.C. The American Lawyer includes Adams and Reese on its distinguished list of the nation’s top law firms – The Am Law 200. The National Law Journal also includes the firm among the top 200 on the NLJ 500 list of the nation’s largest law firms.

New Signage Erected atop One of Downtown St. Petersburg’s Premier Office Buildings Building Renamed Morgan Stanley Tower

As part of Morgan Stanley’s move to downtown St. Petersburg the Class A office building formerly known as Wells Fargo Plaza has been renamed Morgan Stanley Tower after its newest tenant.  The financial services giant signed a long-term lease at 150 2nd Avenue North earlier this year to occupy multiple floors in the building. The Morgan Stanley name went up on the building at the end of June.

The ownership of 150 2nd Avenue North offered Morgan Stanley building naming rights, stunning water views of Tampa Bay and a premium downtown location across from the new Sundial St. Pete (formerly BayWalk).  The building is one of downtown St. Petersburg’s best-located, premier Class A office buildings.

“We’re thrilled to have received this long term lease commitment.  Within the financial services sector, Morgan Stanley is one the most respected names in the world.  The renaming of the building as Morgan Stanley Tower provides us with terrific branding for the building and our tenants,” stated co-owner Larry Feldman, CEO of Feldman Equities who spearheads leasing for the building.

The 17-story, 187,000 square foot office building was purchased in August of last year by a joint venture consisting of affiliates of Feldman Equities, Tower Realty Partners and Second City Capital Partners. “We purchased the building soon after Wells Fargo Bank vacated 22,000 square feet,” said Feldman.  “This acquisition gave us the opportunity to do what we do best – renovating and upgrading office buildings in order to maximize their value.”