Cushman & Wakefield Negotiates 18,000-SF Headquarters Relocation at Baypoint Commerce Center
ST. PETERSBURG, FL, April 28, 2017 — Cushman & Wakefield announced today that it has negotiated the relocation of Spoor Bunch Franz’s headquarters to the Glades Building at Baypoint Commerce Center. Senior Director Barry Hanerfeld brokered the 17,944-square-foot office lease on behalf of New York-based owner The Feil Organization.
Spoor Bunch Franz is a Tampa Bay-based accounting firm founded in 1971. It will relocate both its 11,146-square-foot downtown St. Petersburg office from the Plaza Tower and its 7,800-square-foot Clearwater office to Baypoint Commerce Center in the third quarter. Spoor Bunch Franz, which also has offices in The Villages, will employ approximately 60 people in the Glades Building.
The Glades Building is a 71,402-square-foot, three-story asset located at 877 Executive Center Drive West in St. Petersburg, just south of Gandy Boulevard and Dr. MLK Jr. Street North in Baypoint Commerce Center.
Originally developed in 1971, Baypoint Commerce Center is a 15-building, ±700,000-square-foot office park. The park features on-site property management and leasing, abundant parking, after-hours security and fully furnished conference rooms. High-speed Internet, cable and fiber is available from a number of service providers.
Baypoint Commerce Center’s 76-acre campus is ideally located just north of downtown St. Petersburg, offering exceptional accessibility via Interstate 275, 4th Street, Dr. MLK Jr. Street, and the Howard Frankland and Gandy Bridges. There are numerous high-quality dining, lodging and retail venues nearby.
The Feil Organization purchased the property in 2011 and recently completed a multi-million dollar modernization effort. Updates include new building lobbies, renovated restrooms, upgraded landscaping, new monument and directional signage, improved parking areas, LED lighting and new patios, sidewalks and benches.
Hanerfeld was named exclusive leasing advisor at Baypoint Commerce Center upon The Feil Organization’s acquisition in 2011. He has grown park-wide occupancy from 60 to 85 percent. The Glades Building is currently 91 percent leased.
“We’ve seen user interest increase dramatically at Baypoint Commerce Center in recent years,” said Hanerfeld. “The Feil Organizations’ investment in the park, its willingness to work with potential tenants to finalize deals, the park’s accessibility to the greater Tampa region and the renaissance of the St. Petersburg market have all contributed to an increase in demand and occupancy for this revitalized asset.”
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
About The Feil Organization
The Feil Organization is a private, established commercial real estate firm headquartered in New York City and has been active in commercial real estate for over 60 years. The company owns and operates a nationwide portfolio of over 26 million square feet of retail and commercial space and over 5,000 residential rental units. For more information, please visit www.feilorg.com.
About Spoor Bunch Franz
Spoor Bunch Franz has been providing full service accounting solutions since 1971. As CPAs, they pride themselves on their objectivity, integrity, and special understanding of how financial decisions affect your lifestyle choices. While Spoor Bunch Franz has grown to become one of the largest local accounting firms in Tampa Bay, they are still a family-oriented firm at their core. They are an organization that’s focused on people – both the success of their employees as well as the businesses and individuals they serve.