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.

Morgan Stanley Tower Welcomes Khonsari Law Group

Khonsari Law Group, PLLC will open a new office in downtown St. Petersburg at Morgan Stanley Tower. Special thanks to Mike Heretick of Vector Commercial Real Estate Services, LLC for brokering the deal along with the Feldman Equities leasing team of Ceci Tricoli and Mike DiBlasi.

The Khonsari Law Group provides powerful advocacy for those in need of representation. The firm’s top priority is ensuring  clients’ rights and interests are protected under the law. Founded in 2011, the firm prides itself on their ability to provide an experience that is both personalized and as relaxed as possible for every client. Their attorneys are easily accessible and prepared to put forth substantial time and effort into every client’s case. The firm represents individuals as well as medical practices, medical facilities, advanced surgical centers and various businesses in the Tampa Bay area and nationwide.

Michael Talmadge brings new deal to St Pete’s Morgan Stanley Tower

With limited availability at Morgan Stanley Tower it’s not often we get to announce a new lease. Special thanks to Echelon’s Michael Talmadge for bringing the Steven Raymund deal to the building! We’re especially pleased to count one of Tampa Bay’s most notable business leaders as our newest tenant.

Steven Raymund

A Great Place to Conduct Business

“Our firm has worked closely with Feldman Equities and Tower Realty Partners since they purchased and took over the management of the Morgan Stanley Tower in 2013. As longtime tenants, we feel deeply valued and appreciated by the owners and the property management team. As the St. Petersburg Regional Office Manager, I have worked closely with Portfolio Manager Kyle Nevergold of Tower Realty and I would say that Kyle is one of the best managers I have ever worked with in my experience of working with property management teams for more than two decades. He is responsive, he listens, and he gets the job done. Kyle is also respected and takes pride in what he does. The daily work he does helps Feldman Equities and Tower Realty truly shine.

We think Feldman Equities has done an amazing job on the recent renovations to Morgan Stanley Tower, from the beautiful bright new lobby, revamped elevator cars and efficient mail room to the new gym and upgraded garage. We’re a law firm that welcomes clients to our office on a daily basis, so we appreciate and value the work Feldman Equities has done to ensure Morgan Stanley Tower is a great place to conduct business. Feldman Equities and Tower Realty always provide a high level of service and quick efforts to meet our ongoing need.”

logo_adams_and_reese

 

Tellie Settimi

Regional Office Manager

Adams and Reese LLP

St. Petersburg and Tampa Regional Office Manager

Morgan Stanley Tower Renovations

We invested nearly $6.5 million dollars in renovations at Morgan Stanley Tower including a stunning new lobby featuring new stone floors and walls, and a 30 foot high wall of light designed by internationally renowned architect Gensler.  The wall of light created an inviting and architecturally exciting element as visitors enter the building.  A matching wall of light was also placed on the exterior of the building that is highly visible to the street.

The building is now 100% occupied.  The renovation induced several new companies to move into the downtown core including Morgan Stanley, Enstar and Capital Resorts.  None of these tenants were previously located in downtown St. Pete.

Today’s companies are focused on the needs of the millennial workforce which values high-end amenities, including one of the best fitness centers in downtown St. Petersburg. Fully occupied office buildings contribute to the vitality of the downtown core with tenants making a significant economic impact in the community.

The renovations repositioned Morgan Stanley Tower as one of downtown St. Petersburg’s most prestigious office buildings with amenities and finishes matching its stellar location.

Additional renovations included a high-end fitness center, a major upgrade to the building’s parking garage, an all-new state-of-the art elevator system for both the building and the garage as well as extensive renovations to the tenant floors with new tile floors, new lighting, new carpeting, and bathroom upgrades.

 

View our before & after slide show.

 

 

No Plans to Sell

BY: KEVIN MCQUAID | COMMERCIAL REAL ESTATE EDITOR BUSINESS OBSERVER

Feldman holding on to tower

Speculation has swirled for months that Feldman Equities LLC, the St. Petersburg-based commercial real estate investment and development firm that plans to build the region’s tallest skyscraper, would shed its Morgan Stanley Tower.

Feldman and partners Tower Realty Partners and Second City Capital Partners added to the buzz when they undertook a multimillion renovation to upgrade the 190,000-square-foot building’s lobby, add a concierge desk, enhance elevator systems and restrooms and improve parking garage lighting.

When Feldman and Tower Realty bought the 30-year-old building in 2013 for just more than $20 million, Morgan Stanley Tower was just 65% committed.

Class A office buildings have been in particular demand among investors in Tampa and St. Petersburg in the past two years. This summer, for instance, Highwoods Properties paid $124 million to acquire the 35-story SunTrust Financial Centre downtown.

But Feldman president and CEO Larry Feldman says that while the ownership group considered selling the tower, no deal is in the works.

“We had considered a sale, but we recently refinanced the property,” Feldman wrote in a recent email. “We have no plans to sell.”

Feldman and Tower Realty’s next project is slated to be a 52-story skyscraper in downtown Tampa. Riverwalk Tower is being designed to contain ground-floor retail, parking, offices and luxury residences. It is slated for completion in 2018.

Tampa tower gets BOMA award
Even as world leaders negotiate in Paris to mitigate climate change, a Tampa office tower is receiving kudos for its “green” efforts.

The Building Owners and Managers Association of Tampa Bay has awarded Tampa City Center its “Earth Award” in its “Outstanding Building of the Year” program for 2015.

The 39-story tower, built in 1981, owned by Alliance Partners HSP and managed by Cushman & Wakefield, is LEED EB Gold certified and was recognized for air quality; green cleaning; recycling; and resource conservation.