Monday, May 28, 2018
Business

Wells Fargo Center in downtown Tampa sells for $44.8 million

Two Florida real estate investment firms are the new owners of the Wells Fargo Center in downtown Tampa, paying $44.8 million for the 22-story tower, the firms announced Wednesday.

Feldman Equities and Tower Realty Partners paid $116 per square foot for the building at 100 S Ashley Drive, which holds offices for Wells Fargo, the Phelps Dunbar law firm and financial services firm UBS.

The Wells Fargo Center, downtown's southernmost office tower, is near the Tampa Convention Center. The new owners bought it from an investment trust called Tampa Equities REIT 1 and plan to renovate parts of the building and add a high-end gym.

Feldman, with an office in St. Petersburg, and Tower Realty, based in Orlando, also own City Center in downtown St. Petersburg and Fountain Square II in Tampa's West Shore business district.

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