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National investment bank’s Tampa office nearly doubles in size


  • By Louis Llovio
  • | 1:15 p.m. May 20, 2024
  • | 2 Free Articles Remaining!
Thousand & One is the first new office tower delivered in downtown Tampa since 1992.
Thousand & One is the first new office tower delivered in downtown Tampa since 1992.
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PEI Global Partners, an investment bank specializing in the power, energy and infrastructure sectors, is expanding its office space in Tampa, nearly doubling in size.

The New York firm has moved from a seventh-floor space in the Thousand & One office tower in the Water Street Tampa development and moved to the 11th floor of the building.

It first moved into the building early last year.

Strategic Property Partners, Water Street’s developer, says the new space is 4,280 square feet, up from the previous 2,251 square feet.

Kevin Phillips, managing partner at PEI, says the move was made, in part, to position itself to attract “top-tier talent” to the firm.

PEI, according to the statement, says it works with developers and corporate clients on mergers and acquisitions, sales, financings, private placements and “other strategic transactions.” Since its founding in 2022, the company says it has completed more that 30 transactions totaling more than $10 billion.

The 385,000-square-foot Thousand & One building is the first tower built in downtown Tampa since 1992. It opened in 2021 and features 10-foot floor-to-ceiling glass to maximize natural light and a series of outdoor, landscaped terraces containing rain gardens and outdoor awnings that enhance shade.

Its tenant mix includes ReliaQuest, Sila Realty Trust, Northern Trust Corporation and Weatherford Capital.

Earlier this month, Roemanu, a holding company focused on originating and investing in mortgage loans in the U.S. and U.K., and its subsidiary Toorak Capital Partners opened an office on the sixth floor of the Water Street tower.

Water Street is the $3 billion, 56-acre, mixed-use development just south of downtown Tampa. The 9 million-square foot district includes commercial, residential, hospitality, entertainment and retail space.

 

author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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