Downtown Tampa’s oldest office tower has landed a full-floor lease with Pipeline, a coworking company with locations in Philadelphia and throughout Florida.
Pipeline said Monday that it will occupy the entire 15th floor, or 15,000 square feet, of Park Tower at 400 N.Tampa St.
“Tampa’s economy, driven by its growing financial services and information technology sectors, is booming. Major investment in the revitalization of its urban core combined with a tight office market provide a receptive environment for the kind of business and social network Pipeline fosters,” Philippe Houdard, Pipeline co-founder, said in a statement. “In Tampa, we aim to create a place where a community of individuals at different stages of the business cycle can leverage each other’s talents and resources. We’re also establishing a statewide network for our Florida members that they can tap into for their businesses.”
Like most co-working spaces, Pipeline is membership based; memberships start at $99 per month.
Shay Pope and Mike Fisher of CBRE represented Pipeline Workspaces in the transaction. Feldman Equities’ Mike DiBlasi and Ceci Tricoli represented the Park Tower ownership group.
Pipeline, which has locations throughout South Florida, Philadelphia and soon in Orlando, is the most recent in a wave of co-working spaces to enter the Tampa market. Industrious opened a location in SunTrust Financial Centre in late 2017; Office Evolution announced a deal for 7,700 square feet in Westshore’s Lincoln Center.
Station House, a locally owned co-working concept in St. Petersburg, is planning a Tampa location in Hyde Park Village.
Park Tower is in the midst of a multimillion-dollar renovation after it was acquired by a joint venture of Feldman Equities, City Office REIT and Tower Realty Partners in late 2016.
“The Pipeline deal is significant for downtown Tampa,” DiBlasi, Feldman Equities executive vice president for leasing and marketing, said in a statement. “Tampa is joining the likes of Miami in attracting one of the country’s preeminent shared workspace companies to its urban core.”