World Headquarters of the Women’s Tennis Association (WTA) Coming to City Center St Pete
The Women’s Tennis Association (WTA), the world’s leading professional sport for women, is keeping their world headquarters in downtown St Petersburg with a move to City Center from a neighboring building. The organization is expanding their offices and has leased 15,360 square feet at the Class A office building located in downtown St. Petersburg.
“Making a move to new offices on City Center’s 11th floor gives the WTA added space and functionality, with the office’s close proximity to the Tampa International Airport, and is a great financial decision. The combination of location, amenities, space and pricing sealed our decision to relocate to City Center,” said Matt Cenedella, WTA’s Chief Administrative Officer.
“We are very excited to have such a high profile organization come to City Center, stated Larry Feldman, CEO of Feldman Equities, Inc.”Who better than the WTA to exemplify our belief that tenants are looking for office space that provides an overall “live, work and play” experience”. WTA will not only raise the building’s global profile but their employees will add vibrancy to the building.”
City Center’s ownership has secured over 65,000 square feet of new leases in the past year with occupancy rising from 45% to 70%. A comprehensive $8.5 million renovation including an all new first class fitness center and aggressive rental rates have enabled City Center to outperform all other office buildings in downtown St. Petersburg. “City Center has an excellent location and stunning waterfront views. We set out to further distinguish our building from our competitors by installing a series of tenant amenities that would help us attract new tenants such as the WTA and to retain existing tenants,” stated Feldman. City Center is owned by a joint venture consisting of affiliates of Second City Capital Partners, Feldman Equities, Inc., and Tower Realty Partners, Inc.
John Esposito and Chris Harak of Studley, Inc. represented the tenant. Mr. Esposito adds that “WTA secured a generous concession package and the capacity to grow. City Center management was a pleasure to work with.”
The WTA is the global leader in women’s professional sport with more than 2,500 players representing 92 nations competing for a record $96 million in prize money at the WTA’s 53 events and four Grand Slams in 32 countries. More than 5.2 million people attended women’s tennis events in 2011 with millions more watching on television and digital channels around the world. The 2012 WTA competitive season concludes with the TEB BNP Paribas WTA Championships in Istanbul, Turkey, October 23-28, and the Tournament of Champions in Sofia, Bulgaria, October 30-November 3. Further information on the WTA can be found on www.wtatennis.com.