In conjunction with partner Tower Realty Partners, we [Feldman Equities] have acquired Castille at Carillon, a two-building Class A office project located at 400 & 450 Carillon Parkway in St. Petersburg. We’re planning to invest $2 million in the building for what’s become our signature renovation – updating the lobby and arrival experience and adding amenities like a tenant lounge and fitness center. Castille is the first acquisition Feldman and partners have made in collaboration with outside investors through the CrowdStreet Marketplace, a crowdfunding platform.
We love the office project because it is a jewel in the Gateway market, the Westshore of Pinellas. It’s the best close-in suburb in Pinellas County close to downtown St. Pete. “When you have these nodes like Gateway, which are very dense with thousands of people working, you get that semi-urban node outside of downtown St. Pete,” Larry Feldman said. “Our first love is —because I’m a New Yorker — the urban environment, the pure downtowns, but some of these very close-in suburbs eventually will probably merge into downtown.”
Read the press regarding the acquisition at the St Pete Catalyst and Tampa Bay Business Journal.
Feldman Equities has bought the Castille at Carillon, two Class A office buildings in Carillon Office Park. It’s the first purchase outside of downtown St. Petersburg or downtown Tampa for Feldman Equities, one of the larger commercial real estate owners in the Tampa-St. Pete area.
Feldman Equities CEO Larry Feldman on Thursday called the 105,000-square-foot office building a “jewel.”