For downtown Tampa’s Park Tower, a flurry of leasing activity unfolded before multimillion-dollar renovations began.

The oldest office tower in downtown Tampa saw a flurry of leasing activity in 2017 — a year in which the rest of the downtown office market was largely at a standstill.

But through a series of deals totaling 44,000 square feet, including the relocation of CapTrust Advisors from another Feldman-owned property, the tower’s occupancy is 87 percent. If all of the potential deals the landlord is chasing come to fruition, occupancy could top 90 percent by this summer, said Mike DiBlasi, vice president of leasing and marketing for Feldman.

“There’s historical significance — people like that it was the first real downtown high rise,” DiBlasi said. “We’re in this world where old things are cool.”

The success of Park Tower is significant for the overall downtown office market. 

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For downtown Tampa’s Park Tower, a flurry of leasing activity unfolded before multimillion-dollar renovations began – Tampa Bay Business Journal

The momentum at Park Tower is another good sign for downtown Tampa’s office market.