{"id":184,"date":"2015-12-11T13:00:50","date_gmt":"2015-12-11T13:00:50","guid":{"rendered":"http:\/\/www.morganstanleytower.com\/news\/?p=184"},"modified":"2015-12-14T13:06:04","modified_gmt":"2015-12-14T13:06:04","slug":"no-plans-to-sell","status":"publish","type":"post","link":"https:\/\/www.morganstanleytower.com\/news\/2015\/12\/11\/no-plans-to-sell\/","title":{"rendered":"No Plans to Sell"},"content":{"rendered":"<h4>BY: KEVIN MCQUAID | COMMERCIAL REAL ESTATE EDITOR BUSINESS OBSERVER<\/h4>\n<p><b>Feldman holding on to tower<\/b><\/p>\n<p>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\u2019s tallest skyscraper, would shed its Morgan Stanley Tower.<\/p>\n<div id=\"related-headlines-container\">\n<div id=\"related-headlines\">The 17-story building, at 150 Second Ave. N. in St. Petersburg, achieved full occupancy in November after lease deals with Paradise Marketing, Morgan Stanley, Enstar, Re\/Max Metro and Capital Reports, prompting talk that it would become the next in a series of area skyscrapers to trade hands amid rising values and demand.<\/div>\n<\/div>\n<p>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\u2019s lobby, add a concierge desk, enhance elevator systems and restrooms and improve parking garage lighting.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>But Feldman president and CEO Larry Feldman says that while the ownership group considered selling the tower, no deal is in the works.<\/p>\n<p>\u201cWe had considered a sale, but we recently refinanced the property,\u201d Feldman wrote in a recent email. \u201cWe have no plans to sell.\u201d<\/p>\n<p>Feldman and Tower Realty\u2019s 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.<\/p>\n<p><b>Tampa tower gets BOMA award<\/b><br \/>\nEven as world leaders negotiate in Paris to mitigate climate change, a Tampa office tower is receiving kudos for its \u201cgreen\u201d efforts.<\/p>\n<p>The Building Owners and Managers Association of Tampa Bay has awarded Tampa City Center its \u201cEarth Award\u201d in its \u201cOutstanding Building of the Year\u201d program for 2015.<\/p>\n<p>The 39-story tower, built in 1981, owned by Alliance Partners HSP and managed by Cushman &amp; Wakefield, is LEED EB Gold certified and was recognized for air quality; green cleaning; recycling; and resource conservation.<\/p>\n<div data-ajax=\"{'url':'http:\/\/www.businessobserverfl.com\/section\/detail\/comm2\/','embed':'&lt;a class=\\&quot;embedly-card\\&quot; href=\\&quot;http:\/\/www.businessobserverfl.com\/section\/detail\/comm2\/\\&quot;&gt;Commercial Real Estate || Business Observer | Tampa Bay, Bradenton, Sarasota, Fort Myers, Naples&lt;\/a&gt;'}\"><a class=\"embedly-card\" href=\"http:\/\/www.businessobserverfl.com\/section\/detail\/comm2\/\">Commercial Real Estate || Business Observer | Tampa Bay, Bradenton, Sarasota, Fort Myers, Naples<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s tallest skyscraper, would shed its Morgan Stanley Tower. The 17-story building, at 150 Second Ave. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-184","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.morganstanleytower.com\/news\/wp-json\/wp\/v2\/posts\/184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.morganstanleytower.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.morganstanleytower.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.morganstanleytower.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.morganstanleytower.com\/news\/wp-json\/wp\/v2\/comments?post=184"}],"version-history":[{"count":1,"href":"https:\/\/www.morganstanleytower.com\/news\/wp-json\/wp\/v2\/posts\/184\/revisions"}],"predecessor-version":[{"id":185,"href":"https:\/\/www.morganstanleytower.com\/news\/wp-json\/wp\/v2\/posts\/184\/revisions\/185"}],"wp:attachment":[{"href":"https:\/\/www.morganstanleytower.com\/news\/wp-json\/wp\/v2\/media?parent=184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.morganstanleytower.com\/news\/wp-json\/wp\/v2\/categories?post=184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.morganstanleytower.com\/news\/wp-json\/wp\/v2\/tags?post=184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}