TAMPA, FL – (July 12, 2021) – Bromley Companies announced today that two industry powerhouses, Compass, Inc. (NYSE: COMP) and KAST Construction, have leased state-of-the-art office space at The Loft at Midtown Tampa. The announcement comes on the heels of the $500 million project’s opening, driving additional momentum for its two completed Class A office buildings, situated at the epicenter of Tampa’s downtown and Westshore districts.
“We are proud to welcome industry leaders Compass and KAST Construction to The Loft at Midtown,” said Nicholas Haines, CEO of Bromley Companies, developer of The Loft and master developer, Midtown Tampa. “Midtown has quickly become a hub for national and international retailers and restaurants, and the same is holding true of our office tenants, as we continue to see robust demand from prospects seeking top-tier office space. Compass and KAST opening offices at The Loft demonstrates the value Midtown provides for professional services companies looking to enter or expand within the Tampa Bay market.”
With Compass and KAST Construction, The Loft, an amenity-rich boutique office space in the heart of Midtown Tampa, is now nearly 40 percent leased.
Compass, a leading real estate technology company that went public in April, has chosen The Loft at Midtown as the home of its first Tampa office. The powerhouse brokerage firm is one of the first office tenants announced at the 72,000 square-foot, mixed-use building that perfectly complements the real estate giant’s high-end focus and technology-driven platform. Cushman & Wakefield, leasing agent for The Loft, secured the lease.
Compass entered the Tampa Bay market with 40 of the region’s leading agents based in South Tampa and St. Petersburg. Together, these founding agents represented approximately $400 million in 2020 sales volume.
“In making our Tampa debut, we searched for a high-profile location that would quickly put our company on the map locally, while matching our technology-centered, luxury-focused brand,” said Christian Martinez, regional president, Compass Southeast. “With its luxury aesthetic, innovative technology and incredible access to amenities, The Loft at Midtown is the perfect place to meet and entertain our high-end brokerage clients, as well as other agents in the market.”
KAST Construction, one of Florida’s largest contractors with projects underway throughout the state, is relocating the company’s Tampa offices from Corporate Center III at International Plaza.
“To win in the marketplace, you must first win in the workplace. Our culture focuses on people first, so attracting and retaining top-tier talent in the industry is our priority. Opening our office in the much-anticipated Midtown Tampa development offers our team members an unmatched environment in which to live, work and play,” said Sean Ouellette, KAST Construction senior vice president, Tampa market. “This focus on people ensures the highest level of service possible to our customers, while becoming part of the region’s largest mixed-use development, creating a win-win all around.”
Founded in 2012, Compass is a leading real estate technology company, providing an end-to-end platform that empowers its residential real estate agents to deliver exceptional service to seller and buyer clients. The platform includes an integrated suite of cloud-based software for customer relationship management, marketing, client service, brokerage services and other critical functionality, all custom-built for the real estate industry. Compass agents utilize the platform to grow their business, save time and manage their operations more effectively. For more information on how Compass empowers real estate agents, one of the largest groups of small business owners in the country, please visit www.Compass.com.
About KAST Construction
KAST Construction was founded in 2005 and has established itself as the premier builder and one of the largest contractors in the state of Florida. Headquartered in West Palm Beach with regional offices in Miami and Tampa, KAST provides full-service construction management services including preconstruction, construction and post-construction with over 300 construction professionals. KAST’s focus on people and dedication to providing superior customer service provides a culture that aligns KAST as a strategic partner with clients, creating economic value, building relationships, and trust. For more information on KAST Construction please visit www.kastbuild.com.
About Midtown Tampa
On 23 acres, the award-winning Midtown Tampa is the first mixed-use community of its kind in Tampa, and the catalyst for an entirely new district connecting Westshore and Downtown. Midtown Tampa will deliver 1.8 million square feet of retail and residential space, including 200,000 square feet of Class A office space in the first phase, plus entertainment and hospitality to the surrounding neighborhood and the Tampa Bay region.
In partnership with Cushman & Wakefield, Bromley Companies has announced The Loft boutique office building. In partnership with Highwoods Properties, Bromley Companies has announced South State Bank and the Midtown West office tower. Bromley Companies is working with co-developers Concord Hospitality on Marriott’s dual branded Aloft and Element Hotel and Crescent Communities NOVEL Midtown, luxury apartment homes overlooking Midtown Commons. In partnership with CASTO Southeast Realty, LLC, and Jeffrey R. Anderson Real Estate, announcements include more than two dozen retail and dining leases, listed at https://midtowntampa.com/retail-dining/.
Project completion is 2021. For more information about Midtown Tampa visit www.midtowntampa.com.
About Bromley Companies
Founded in 1972, Bromley Companies is a national real estate development and investment company that has built a portfolio of retail, office, industrial and student housing assets. Bromley began a substantial history of investing in the Tampa region more than 25 years ago. Since then, Bromley established a Tampa office and has owned and managed local real estate including a 60,000 square-foot Bromley Office Building. The leadership team is involved with the Westshore Alliance, Tampa Hillsborough County Economic Development Council and numerous civic and charitable organizations. To learn more about Bromley Companies, please visit http://www.bromco.com/.