St. Petersburg, FL – May 2026 – Equity Street Capital (ESC), in partnership with Feldman Equities, has acquired 200 Central, the premier office tower in downtown St. Petersburg, Florida.
Rising 28 stories and more than 380 feet above the city skyline, 200 Central is the tallest office building in Pinellas County and one of the most recognizable landmarks in the Tampa Bay region. The approximately 308,000-square-foot Class A office tower serves as a premier business address for a diverse roster of leading tenants, including Raymond James, ARK Invest, Merrill Lynch, Dynasty Financial Partners, Trenam Law, and Industrious. Ground-floor tenants include popular local destinations such as Craft Kafe, Taverna Costale, and Naked Farmer.
Located in the heart of downtown St. Petersburg’s vibrant waterfront district, 200 Central benefits from exceptional walkability, access to a highly educated workforce, and proximity to the city’s growing residential, hospitality, and entertainment amenities. The property’s strategic location and established tenant base position it as one of the most desirable office assets in the region.
As part of the acquisition, the ownership group plans to invest more than $20 million in capital improvements designed to further enhance the building’s long-term competitiveness and tenant experience. Planned upgrades include modernization of the HVAC, electrical, and mechanical systems, elevator replacements, life-safety improvements, building envelope enhancements, and renovations to common areas, including the lobby and skybridge.
“We are excited to partner with Feldman Equities and the Youngquist Family on the acquisition of this iconic asset,” said Paul Esajian, Co-Founder and CEO of Equity Street Capital. “200 Central represents the type of high-quality, well-located property we seek in growth markets with strong long-term fundamentals. Downtown St. Petersburg continues to attract businesses, residents, and investment capital, and we believe this property is exceptionally well-positioned to benefit from the city’s continued growth.”
The acquisition further expands Equity Street Capital’s presence in the Florida office market and reinforces the firm’s conviction in select office assets located in dynamic, amenity-rich urban environments. Equity Street Capital remains actively focused on identifying additional acquisition opportunities throughout Florida and other high-growth Sun Belt markets.
About Equity Street Capital: Equity Street Capital (ESC) is a San Diego-based commercial investment firm renowned for its focus on achieving attractive risk-adjusted returns while maximizing long-term capital appreciation. Founded by real estate investors and entrepreneurs Than Merrill and Paul Esajian, Equity Street Capital is dedicated to providing transformative real estate investment opportunities to it’s investors.
About Feldman Equities: Feldman Equities is a Florida-based real estate investment and development firm specializing in the acquisition, redevelopment, leasing, and management of office and mixed-use properties. The firm owns and manages a portfolio of commercial real estate assets across Florida and is recognized for its hands-on approach to creating value through thoughtful property repositioning and operational excellence.
