ST. PETERBURG, FL—RE/MAX Metro is moving its corporate headquarters operations from across the street to the Morgan Stanley Tower building at 150 2nd Avenue North.
The real estate brokerage firm is leasing 9,218 square feet of space at the 17-story, 187,000 square foot office building owned by a joint venture of affiliates of Feldman Equities, Tower Realty Partners and Second City Capital Partners, which acquired the property last August. The deal was brokered by RE/MAX Metro’s Commercial Division. RE/MAX Metro is expected to move from its current headquarters at 201 Second Avenue N. to the Morgan Stanley Tower by September.
“It was very important for us to continue to maintain a prime downtown location with street level entrance for our consumers,” says RE/MAX Metro President and Owner Rick Brown. “The location in the Morgan Stanley Building, across from Sundial, in what will be the most prestigious financial center in downtown St. Petersburg, was the perfect fit for our 75 agents and Luxelist (luxury) division.”
The RE/MAX Metro corporate headquarters has been located across the street from Morgan Stanley Tower for nearly 13 years. The company, which handles residential, luxury, bank-owned, property management and commercial properties has additional offices in Treasure Island, Tierra Verde and Gulfport.
The ownership of the former Wells Fargo Plaza acquired the property shortly after Wells Fargo Bank vacated 22,000 square feet of space last year.
“In less than a year we have leased 42,282 square feet. This acquisition gave us the opportunity to do what we do best—renovating and upgrading office buildings in order to maximize their value,” says Larry Feldman, CEO of Feldman Equities, who spearheads leasing for the building.
A multi-million dollar renovation of the property will begin later this year. The property was renamed recently after Morgan Stanley leased multiple floors at the office building.