ST. PETERBURG, FL—RE/MAX Metro is moving itscorporate headquarters operations from across the street to theMorgan Stanley Tower building at 150 2nd AvenueNorth.

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The real estate brokerage firm is leasing 9,218 square feet ofspace at the 17-story, 187,000 square foot office building owned bya joint venture of affiliates of Feldman Equities,Tower Realty Partners and Second CityCapital Partners, which acquired the property last August.The deal was brokered by RE/MAX Metro's Commercial Division. RE/MAXMetro is expected to move from its current headquarters at 201Second Avenue N. to the Morgan Stanley Tower by September.

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“It was very important for us to continue to maintain a primedowntown 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 downtownSt. Petersburg, was the perfect fit for our 75 agents and Luxelist(luxury) division.”

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The RE/MAX Metro corporate headquarters has been located acrossthe street from Morgan Stanley Tower for nearly 13 years. Thecompany, which handles residential, luxury, bank-owned, propertymanagement and commercial properties has additional offices inTreasure Island, Tierra Verde and Gulfport.

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The ownership of the former Wells Fargo Plaza acquired theproperty shortly after Wells Fargo Bank vacated 22,000 square feetof space last year.

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“In less than a year we have leased 42,282 square feet. Thisacquisition gave us the opportunity to do what we dobest—renovating and upgrading office buildings in order to maximizetheir value,” says Larry Feldman, CEO of FeldmanEquities, who spearheads leasing for the building.

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A multi-million dollar renovation of the property will beginlater this year. The property was renamed recently after MorganStanley leased multiple floors at the office building.

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John Jordan

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