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John Catsimatidis Leases 45000 SF Office Space To Shirl Penney At 400 Central Avenue

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LEASED

Florida

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Office45,000 SF
Leased 06/24/2025
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LEASED

John Catsimatidis Leases 45000 SF Office Space To Shirl Penney At 400 Central Avenue

400 Central Avenue

See Similar Deals
Office45,000 SF
Leased 06/24/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:45,000 SF
Transaction Type:Lease

The property involved in the transaction is an office asset located at 400 Central Avenue in St. Petersburg. It encompasses a total of 45,000 square feet of office space and is part of a 46-story mixed-use project that includes 301 condominiums and is nearing completion.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Lease agreement
  • Landlord: John Catsimatidis - Red Apple Group
  • Tenant: Shirl Penney - Dynasty Financial Partners
  • Market: St. Petersburg
  • Date of Transaction: 06/24/2025

This lease agreement indicates that Dynasty Financial Partners plans to occupy the entire 45,000 square feet of office space within John Catsimatidis' building, with intentions for opening in the following year. The agreement results in full office occupancy for the mixed-use development.

Details

LEASED
IMAGE: John Catsimatidis & Shirl Penney DATE: 06/24/2025 ADDRESS: 400 Central Avenue MARKET: St. Petersburg ASSET TYPE: Office ~ SF: 45,000 LANDLORD: John Catsimatidis (@John.Cats) - Red Apple Group TENANT: Shirl Penney - Dynasty Financial Partners (@TheDynastyFP) NOTE: Dynasty Financial Partners leased all 45,000 SF of office space at John Catsimatidis’ 400 Central tower in downtown St. Petersburg, with plans to open next year. The lease marks full office occupancy at the 46-story mixed-use project, which includes 301 condos and is nearing completion.

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Deal Type
Effective Rent (Annual)

$2,579,372.85

Total Lease Value

$25,793,728.45

Net Landlord Cash Flow$2,579,372.85