ST. PETERSBURG, FL—Enstar Group Ltd. subsidiary Enstar Inc. has leased 13,621 square feet at the Morgan Stanley Tower in downtown St. Petersburg
The U.S. operating subsidiary of Enstar Group will be relocating and upgrading its offices with the move to downtown St. Petersburg. The deal was brokered by Hal Piper of Cassidy Turley. Enstar Group's core focus is to acquire and manage insurance and reinsurance companies.
The 17-story, 187,000-square-foot office building was purchased last year by a joint venture consisting of affiliates of Feldman Equities, Tower Realty Partners and Second City Capital Partners. The group also owns the nearby, 242,000 square foot City Center office building.
Larry Feldman, CEO of Feldman Equities who spearheads leasing for the building, says that the Enstar lease now brings total leasing to almost 56,000 square feet since the purchase last August. “Companies are responding to the building's outstanding location, aggressive rental rates and water views,” he says.
Last month the building was officially renamed Morgan Stanley Tower after the building's largest new tenant.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
