Commercial Real Estate, Capital, Insurance, Leasing & Management

L3’s move to downtown St. Pete tops tech office space deals

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A move by L3 Technologies to lease 60,000 square feet of Class A office space in downtown St. Petersburg ranks No. 1 for tech office space deals in the Tampa-St. Pete area.

Excerpted from St. Petersburg Catalyst story.

The L3 Technologies move cited as the top tech office space deal in this year’s report took place in the past few months. The company, which supplies security and detection systems for aviation, transportation, government and critical infrastructure, consolidated locations in Sarasota and St. Petersburg and moved to a new office at 490 1st Ave. S., in the Tampa Bay Times Building. L3 signed a long-term lease for the 5th and 6th floors and part of the first floor, according to a news release from Franklin Street, the commercial real estate company that arranged the lease.

The firm, which has since merged with Harris Corp. and now is called L3Harris Technologies (NYSE: LHX), relocated more than 200 employees to the new space and modernized its operations in St. Petersburg.

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