Tampa Landlord Fulfills Millennials’ Workspace Wish

When PricewaterhouseCoopers vacated the 1970s automobile-based 250,000 square-foot corporate campus in 2011 in Tampa Bay Park, Dan Woodward needed to bring as many aspects of the urban core to the property. What’s an owner of a dated suburban office park to do when a downtown workspace is vacant?

Dan Woodward, the owner, is the vice president at Highwoods Properties Inc. In an effort to lure companies with young talent, the company invested between $5 million and $6 million in LakePointe One and LakePointe Two.

The renovations included an upscale cafe, a fitness center and collaborative areas with wi-fi. To better connect the two buildings and make the park more walkable, a deck and seating area overlooking a retention pond were added. This investment has paid off in recent weeks as the two buildings have landed many new tenants.

myMatrixx, a pharmacy and ancillary medical benefit management company, leased 48,000 square feet in LakePointe Two. Himagine, Inc., a health care information firm, leased 15,257 square feet in LakePointe One. Fintech, which processes electronic payments between alcohol retailers and distributors, leased 28,819 square feet in LakePointe One. White & Case LLP, a New-York based law firm, leased 30,000 square feet in July in LakePointe Two.

“It seems like the new generation of office user wants to bring their college campus with them to work,” said Clay Wommack, a vice president with CBRE Group Inc. “They want a high end fitness center and be able to live across the street in a new high rise loft building and a Starbucks on every floor of the building.”

 

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Nick Banks

Nick created Front Street Commercial Real Estate Group in 2002 and spent the first eight years developing and acquiring office and retail projects in South Florida as well as North Central Florida. In 2010 the focus of the firm was shifted to primarily serve third party clients and perform brokerage, property management and mortgage banking functions. Nick has personally developed and acquired nearly 200,000 square feet of office and retail properties in markets throughout Florida. Prior to founding Front Street, Nick was the Director of Finance and Dispositions for Stiles Corporation in Fort Lauderdale where he financed and sold over $500 million in commercial real estate. Before joining Stiles, Nick was an Associate Director at GE Capital Real Estate where he sourced over $200 million in financing throughout Florida. Nick is a graduate of the University of Florida with a degree in Finance and a concentration in Real Estate. He serves as a board member and current vice-chair for the United Way of North Central Florida where he also chairs the Development Committee. Nick is actively involved with the Gainesville Area Chamber of Commerce where he serves as a board member and committee member for the Council for Economic Outreach. He is also a recent graduate of Leadership Gainesville which is a year long leadership program hosted by the Chamber. He is a member of Grace United Methodist Church where he has served as finance chair and as a member of the leadership council. Nick serves as an advisory board member of the University of Florida Bergstrom Center for Real Estate Studies. Nick was recently named chair of the Gainesville committee for the North Florida chapter of Urban Land Institute (ULI). He is a licensed real estate broker in the State of Florida and is a long time member of the International Council of Shopping Centers.

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