One of Tampa’s biggest technology companies is moving to a new home.
Information technology software firm ConnectWise will relocate its global headquarters from the West Shore district to an office tower in downtown Tampa, the company announced Monday.
ConnectWise will occupy just over 65,000 square feet in the Park Tower Building at 400 N Tampa St., adjacent to Lykes Gaslight Square Park. The company will have offices on four floors, plus a ground-level retail showroom and signage atop the building. The new lease represents a nearly 24 percent increase in space from its old headquarters.
“As our company continues to grow and have a positive impact on small- and medium-sized businesses around the globe, we are excited to have a presence in the vibrant, revitalized downtown area, and we look forward to our logo being featured prominently atop the building,” ConnectWise CEO Jason Magee said a statement. “This move is designed to help build brand awareness and solidify ConnectWise as a beacon in the Tampa business and technology scene.”
The move, scheduled for early 2022, also reflects a changing approach to the workplace adopted by other Tampa Bay companies. The office space is flexible, with space for between 325 and 375 employees per day, with 35 percent to 40 percent having dedicated workspaces, and 60 percent to 65 percent occupying shared, flexible workspaces, a concept known as “hoteling.” The lease includes an option to expand to up to 72,000 square feet, should ConnectWise decide to bring more employees back.
“Despite Covid-19, demand for quality buildings with modernized systems and high-quality finishes remains strong in Tampa Bay,” Baharea Larsen, executive vice president for leasing and marketing at commercial real estate firm Feldman Equities, which brokered the deal, said in a statement. “These tenants are making a long-term investment in their businesses and know they need to plan for a return to normalcy.”
Founded in 1982, ConnectWise was privately held until 2019, when it was acquired by private equity firm Thomas Bravo in a deal that paid employees $270 million for their stock. The company laid off a number of employees early in the pandemic, but has since expanded, purchasing a consulting firm and two cybersecurity firms since November.