$17.3M in JV Equity Secured for Wells Fargo Center in Tampa, FL
Feldman Equities and Tower Realty Partners, Inc. have secured joint venture equity totaling $17.3 million for Wells Fargo Center, a 22-story, 387,477 square foot Class A office tower in Tampa, Florida.
HFF worked on behalf of the borrowers to secure the equity from an international investment management firm. The $17.3 million in equity was a portion of the equity needed to purchase the property.
The HFF team representing the borrowers was led by associate director Bryan Clark and managing director Paul Stasaitis.
Wells Fargo Center is located at 100 South Ashley Drive close to the Tampa Convention Center and the Crosstown Expressway in downtown Tampa. The property is 77 percent leased to tenants including Wells Fargo & Company, who is the largest anchor tenant and is under a long-term lease, Phelps Dunbar and UBS.
Wells Fargo Center also includes a nine-story, 505-stall parking garage.