Times' building occupancy up to 90%

New owner Lincoln Property Co. benefiting from years of releasing efforts


  • By
  • | 6:00 a.m. January 18, 2019
  • | 0 Free Articles Remaining!
COURTESY PHOTO — 490 First Ave. South in downtown St. Petersburg will soon be twice as full as it was just three years ago.
COURTESY PHOTO — 490 First Ave. South in downtown St. Petersburg will soon be twice as full as it was just three years ago.
  • Commercial Real Estate
  • Share

With L3 Technologies’ planned shift of its Commercial Aviation Solutions division to roughly 60,000 square feet in 490 First Ave. South in St. Petersburg, the eight-story building that is also the Tampa Bay Times headquarters occupancy will rise to 90%.

The gain marks a stark turnaround for the 239,000-square-foot building as compared to 2016, when New Jersey-based Denholtz Associates and Tampa’s Convergent Capital Partners acquired it for $19 million.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content