TAMPA, FL—The ownership of the Wells Fargo Center here has successfully negotiated more than 96,000 square feet of lease deals since acquiring the property 13 months ago that has lifted the tower building's occupancy rate to 93%.

Larry Feldman, CEO of Feldman Equities, which is a co-owner of the 22-story, 388,000-square-foot building with Tower Realty Partners of Orlando, has spearheaded leasing efforts at the property. He attributes the leasing success to aggressive rental rates and the recent renovations to the building. The 93% occupancy rate is a high-water mark that has not been reached for two decades.

“Prospects and tenants have responded favorably to our newest amenities including a state-of the-art fitness center, conference room with a 90-inch TV and a modern café and Internet lounge,” Feldman says.

Recent leases at the Wells Fargo Center include total more than 22,000 square feet. The largest transaction was with Regus, which leased approximately 13,000 square feet at the building. The deal was co-brokered by Michael Fisher of CBRE. The buildings anchor tenants are Wells Fargo & Company, Phelps Dunbar and UBS.

Wells Fargo Center has recently undergone a multi-million dollar renovation involving the modernizing of the building systems and infrastructure, including an entirely new air conditioning system and new roof. The building  amenities have been extensively upgraded including a new restaurant, a high-end fitness center and a major upgrade to the parking building's parking garage. Ownership is installing a new elevator system, which will be completed in 2014. The corridor renovations will include new lighting, new carpeting, and bathroom upgrades.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.