Denholtz office renovations paying dividends in Tampa, St. Petersburg

Denholtz Associates has spent in excess of $10 million to upgrade its office buildings in downtown Tampa and St. Petersburg, and it appears that those investments are beginning to pay off.

Last month, the company signed Taylor Media Corp., owner of the Penny Hoarder personal finance website, to a lease for 22,682 square feet in its 490 First Ave. building, in St. Petersburg.

Taylor will occupy the entire eighth floor of the eight-story office building beginning in the fall, along with a rooftop space. Denholtz was represented in the transaction by Cushman & Wakefield's Mercedes Angell, while Sarah Parker of Profound Properties LLC negotiated on behalf of Taylor.