Money Well Spent

Feldman Equities LLC, Tower Realty Partners and City Office REIT Inc. and affiliates have been part of deals that have invested some $200 million to acquire a handful of St. Petersburg and Tampa office buildings over the past five years.

So what's another $35 million or $40 million, give or take, to fix them up -- especially if that further investment translates into higher rents and occupancy levels?

For the trio, the capital campaigns are extensions of the acquisitions themselves, and often transform aging structures into modern workplaces with amenities today's tenants covet.