Wells Fargo Center in downtown Tampa sold for $78 million
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Nov 26, 2014

A partnership between Feldman Equities and Goldman Sachs has sold the Wells Fargo Center in downtown Tampa for $33 million more than it paid for the tower two years ago.

Connecticut-based Greenfield Partners has acquired the office tower for $78 milllion or $192 per square foot, according to a Hillsborough County deed filed Wednesday. The Tampa Bay Business Journal first reported the property was for sale in September.

Feldman Equities and Tower Realty Partners will continue to manage the property.

When the partners bought the property in December 2012, the deal broke down to $116 per square foot. At the time, Feldman Equities CEO Larry Feldman told the Business Journal the group would spend $5 million to $6 million upgrading the building.

It's also improved the occupancy, taking it from 75 percent to 93 percent. Feldman, in a joint venture, this week acquired the First Central Tower in downtown St. Petersburg, planning to invest $10 million in that building.

Ashley Gurbal Kritzer is a reporter for the Tampa Bay Business Journal.