Two of Tampa Bay's 50 Fastest Growing Companies Relocating to City Center St Pete

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PowerChord Inc., Squaremouth Inc, Reingruber & Company PA and State Farm sign leases.

PowerChord Inc. and Squaremouth, Inc., two of Tampa Bay’s 50 fastest growing companies in 2010 and/or 2011 have signed new leases at City Center St. Petersburg while Reingruber & Company has signed a renewal & expansion. In addition, State Farm Insurance expanded its existing space. In total, City Center inked over 20,000 square feet in new leases in the month of July alone.

Online brand and web management firm PowerChord, Inc. is relocating and expanding from smaller offices in St. Petersburg’s central business district. Represented by Michael Fisher of CB Richard Ellis, the firm leased 10,354 square feet. "City Center had the right blend of upscale and modern aesthetics we were looking for yet still retains a casual atmosphere,” stated PowerChord President and CEO, Patrick Schunk. “It has a very comfortable open feel and the location is the best in St. Pete."

Squaremouth Inc., a leading comparison website for travel insurance, is relocating their headquarters to downtown St. Petersburg from St. Pete Beach. The firm leased 3,381 square feet. “After an extensive search of downtown St Petersburg, we chose City Center for the incredible office space and the service we received from the landlord,” stated Chris Harvey, Chief Executive of Squaremouth. “Larry Feldman and his team made us feel very welcome from our first meeting. Nothing was too much trouble for them. They provided us with extensive information on the building as well as an architect who understood exactly what we wanted to achieve. We are a fast growing software company and could not be happier about our decision to choose City Center. Excellent office space is only one part of the equation, the landlord can have a huge impact on the overall success or otherwise of a lease.”

Meanwhile longtime tenant, Reingruber & Company, P.A., a certified public accounting firm serving the long term care community has signed a 6,123 square foot renewal and expansion lease. Tammi Hughes with Carter and Associates represented Reingruber & Co in the transaction. Reingruber and Company has been a tenant in City Center for nearly 14 years and has re-committed to the building with a long term lease.

Located in downtown St Petersburg, City Center is a Class A office property consisting of two buildings connected by an enclosed atrium lobby. The atrium lobby features a glass skylight ceiling suspended 65 feet above a marble floor with abundant sunlight. The 2 towers provide unmatched views of Tampa Bay and the downtown St. Petersburg skyline. City Center was awarded the Building Owners & Managers Association award in 2007.

“We are thrilled to welcome two of Tampa Bay’s fastest growing companies to City Center. We are also heartened by the strong renewal and expansion activity in the building,” stated Feldman Equities CEO Larry Feldman. “It is gratifying to be a small part of our tenant’s success and to watch them grow. We are thrilled about the leasing activity that we’ve been able to generate in this tough economy."

About PowerChord, Inc.
An online brand and retail management firm, PowerChord specializes in the development of online channel management software that allows organizations to manage their brand and retail sales through an independent sales channel. PowerChord Inc. has customized solutions for companies like STIHL Outdoor Power Equipment, Oceanic, Montana Silversmiths and Capel Rugs. For more information,

About Squaremouth, Inc.
Squaremouth is America’s fastest growing travel insurance comparison site, helping customers instantly quote, compare and buy policies from every major carrier. Squaremouth has web sites in the US and UK, and an extensive network of partner sites worldwide. The company is headquartered in St. Petersburg, Florida with offices in Fort Wayne, IN. Since Squaremouth was established in 2006, revenue has grown from $1 million to $7 million in 2010, with a revenue growth of 315 percent from 2008 to 2010. For more information,

About Reingruber & Company, P.A.
Reingruber & Company, P.A. Certified Public Accountants, was founded in St. Petersburg, Florida in 1991, and focuses on providing accounting and consulting services to a predominately health care client base. Beginning with an initial staff of three, the company's employees now number in excess of twenty, providing services to a broad spectrum of health care entities spanning more than thirty states. For more information

About State Farm Insurance
State Farm Insurance is the world's largest property & casualty insurance company in the world. Headquartered in Bloomington, Illinois, the company is ranked 34th in the 2010 Fortune 500.

About Feldman Equities, Inc
In the last 25 years, Feldman Equities has developed or acquired over 11 million square feet of office and retail property with an aggregate value in excess of $2.5 billion. Larry Feldman gained a national reputation as a property turnaround specialist when he was Chairman & CEO of the publicly traded Tower Realty Trust, Inc. In addition City Center St Petersburg Feldman Equities also acquired the Fountain Square II office building in Tampa, in a joint venture with TriGate Capital and Tower Realty Partners. Feldman Equities is recognized for its hands-on approach to turning around distressed assets.

About Tower Realty Partners
Tower Realty Partners is an Orlando-based commercial real estate owner focusing on value-added opportunities throughout the state of Florida. Tower was formed in 1987 by Cliff Stein and Reid Berman. Since its inception, Tower has acquired over $1 billion of office properties. Currently, Tower’s assets consist of over 3.5 million square feet office property throughout Florida. Tower owns and manages approximately 1 million square feet in the greater Tampa area, which includes the Palm Lake office building in North Tampa and Fountain Square II in Tampa's Westshore market.

*Tampa Bay’s 50 fastest-growing companies: The Fast 50 Awards, presented by The Tampa Bay Business Journal, highlights the 50 fastest-growing companies who have continued to show outstanding growth.


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