Toorak Capital Partners moves headquarters to Tampa from New Jersey
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: May 9, 2024

A finance company has moved its headquarters from New Jersey to Water Street Tampa.

Toorak Capital Partners Inc., which provides capital for residential real estate loans, has leased 6,000 square feet on the sixth floor of office tower Thousand and One. It is in the minority among Thousand and One tenants; 25% of companies leasing office space in the tower moved there from outside of the Tampa Bay region.

The company celebrated its new headquarters with a ribbon-cutting ceremony on Wednesday evening.

“Our new headquarters in Tampa isn’t just about relocating; it’s about creating an ecosystem where our team thrives and embraces the pulse of one of the nation’s fastest-growing cities,” John Beacham, CEO of Toorak, said in a statement. “Thousand and One was an obvious choice. The environment empowers our team to thrive in a community that embodies the essence of progress.”

Toorak and Water Street developer Strategic Property Partners did not reveal the number of jobs that Toorak would create in Tampa. The Water Street office will be the home base for “Beacham and key personnel in Toorak’s asset management, loan acquisition, legal and financial planning departments,” Toorak said in a statement.

“As Tampa continues to experience incredible population and economic growth, savvy companies like Toorak are seeing the value in spreading roots in an innovative new lifestyle destination,” David Bevirt, executive vice president of corporate leasing and strategy for SPP, said in a statement. “Water Street Tampa has established itself as a new financial services district as it becomes the ultimate place in Tampa for businesses to grow and thrive.”

Thousand and One is about 90% leased. The next phase of Water Street will include office space that will only break ground if a major tenant commits to the project.