Commercial Real Estate, Capital, Insurance, Leasing & Management

Lease sparks office activity at Water Street Tampa

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Chad Rupp, managing director of office & industrial, is overseeing office leasing at Tampa's Sparkman Wharf.

Excerpted from Business Observer story.

In all, Sparkman Wharf will contain 180,000 square feet of office space, along with 10 restaurants and a biergarten.

The building will be the first of three new office offerings in Water Street Tampa, along with 1001 Water St. and a 19-story building at 400 Channelside Drive.

SPP is expected to move into 30,000 square feet in Sparkman Wharf, the former Channelside Bay Plaza, when office renovations are completed later this year. The restaurants and biergarten debuted last November.

SPP CEO James Nozar describes Sparkman Wharf as “an entirely new working environment that is unlike anything else in the city.”

Among its unique features, the building has 40-foot ceilings.

Nozar adds the two-story project will provide a “well-rounded lifestyle that reflects what Water Street Tampa is all about.”

Jackson, too, says RSM was drawn to Water Street Tampa’s new hotels, entertainment venues and overall lifestyle for its younger workforce.

“Our employees like the idea of being able to walk to work, of having multiple restaurants all around,” he says. “The concept of being able to have a work/life balance at Water Street really kept screaming at us the more places we looked.”

Jackson says, too, that he expects relocating to Water Street will help the firm recruit new workers — both from the Tampa area and from its other offices around the country in states like Illinois and Minnesota.

Commercial real estate brokerage Savills Inc.’s Chicago and Tampa offices represented RSM in the lease, while Franklin Street and JLL negotiated on behalf of SPP at Sparkman Wharf and 1001 Water St., respectively.

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