Commercial Real Estate

Feldman holding on to tower
Speculation has swirled for months that Feldman Equities LLC, the St. Petersburg-based commercial real estate investment and development firm that plans to build the region's tallest skyscraper, would shed its Morgan Stanley Tower.

The 17-story building, at 150 Second Ave. N. in St. Petersburg, achieved full occupancy in November after lease deals with Paradise Marketing, Morgan Stanley, Enstar, Re/Max Metro and Capital Reports, prompting talk that it would become the next in a series of area skyscrapers to trade hands amid rising values and demand.

Feldman and partners Tower Realty Partners and Second City Capital Partners added to the buzz when they undertook a multimillion renovation to upgrade the 190,000-square-foot building's lobby, add a concierge desk, enhance elevator systems and restrooms and improve parking garage lighting.