Joint venture buys offices

ST. PETERSBURG — A pair of joint ventures built by Feldman Equities Inc. and Tower Realty Partners Inc. spent millions on Tampa Bay area office space today.

In one transaction, Feldman and Tower Realty combined with Second City Capital Partners, a Vancouver-based firm, to buy the City Center office complex in St. Petersburg for $16.5 million. At 242,115 square feet in size, the buyers paid $68 per square foot of office space acquired.

In a separate transaction, Feldman and Tower Realty collaborated with Dallas-based TriGate Capital LLC to purchase Fountain Square II, a 134,065-square-foot office building in Tampa. Because the property was purchased through a bankruptcy plan, a purchase price was not disclosed.