• Franklin Street Arranges 21,500-SF Office Lease for TransferWise in Tampa’s Ybor City

    International startup will occupy two floors at renovated historic cigar factory in Ybor City

    Franklin Street, a full-service commercial real estate company, arranges the lease of 21,500 square feet of Class A office space in Tampa’s historic Ybor City neighborhood to TransferWise, an international peer-to-peer money transfer service with U.S. headquarters in New York City.

    TransferWise signed a long-term lease for the first two floors and a portion of the basement at the former M. Stachelberg & Co. cigar factory, which is located at 2000 East 11th Avenue. Built in 1894, the three-story, 36,640-square-foot building was extensively renovated in 1994 and 2006. TransferWise, which has six offices around the world, plans to relocate 70 employees to the new space and expand its operations in Tampa. The expansion will allow the company to comfortably accommodate up to 90 workers by 2019.

    Chris Butler, managing director of office and industrial agency leasing for Franklin Street, represented the building’s owner based out of Florida.

    “The building was recently purchased in July as the prior tenant was vacating, and we’re thrilled to be able to lease it with an excellent company like TransferWise and to do so as quickly as we did,” said Butler. “Ybor City’s unique mix of historic storefronts and modern commerce helped to influence the tenant’s decision to relocate to the new space. The building’s existing infrastructure, strong ownership and recent capital improvements also generated heavy interest from potential tenants.”

    Franklin Street is marketing the remaining 10,000 square feet of office space available for lease on the third floor. Leasing information is available on the Franklin Street Listings page.

    2000 East 11th Avenue features historical architecture and offers many amenities including large conference rooms, storage areas, workplace noise masking machines and free parking in a gated and secured on-site lot. The property is conveniently located one block south of Interstate 4 and provides direct access to Interstates I-75 and I-275.

    About Franklin Street: Celebrating more than 10 years in the business, Franklin Street is a family of full-service commercial real estate companies focused on delivering value-add solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise and experience of each of its divisions – Real Estate, Capital, Insurance, Management and Valuation – Franklin Street offers unmatched value and optimal solutions for clients nationwide. Learn more about Franklin Street at FranklinSt.com.