(Carl Cronan is editor of RealEstate Florida.)
ST. PETERSBURG, FL-Universal Health Care Group Inc., aninsurance plan management firm, has signed a lease for 31,000 sf at100 Bay Central and will move from the nearby Wachovia Plaza officetower in November. It will be the first new tenant to occupy 100Bay Central since Lutz Real Estate Investments bought the135,000-sf space in 2006.
Universal Health, which occupies several spaces in its currentlocation, will be able to consolidate its operations in DowntownSt. Petersburg within half of a floor at 100 Bay Central, accordingto Adam Lutz, principal of Lutz Real Estate Investments. TheFarmington Hills, MI-based firm bought the building's two-flooroffice segment for $15 million.
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