Developer eyes St. Petersburg's tallest building

Feldman Equities, which owns a trio of high-profile St. Petersburg office buildings and is working to develop Tampa's tallest skyscraper, has taken the first steps to acquire Priatek Plaza in downtown St. Petersburg, sources with knowledge of the deal say.

If the deal reaches fruition, it would likely mark the largest Tampa-area acquisition to date for Feldman and joint venture collaborator Tower Realty Partners. The 28-story Priatek Plaza could fetch about $50 million, based on recent existing per square foot sales and development rights.

The 300,000-square-foot tower, at 200 Central Ave., is currently 90% occupied by investment firm Raymond James, law firm Trenam, Bank of Tampa, QOR and digital advertiser Priatek, among others.