Frank Bracken Of Foot Locker, Inc. Leases Office Space At 570 Carillon Parkway In St. Petersburg
570 Carillon Parkway
Building Size
110,998 SF
Asset Type
Office
Closing
Mar 31, 2025
AI
The property asset involved is an office located at 570 Carillon Parkway in the St. Petersburg market. The total square footage of the asset is 110,998 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 570 Carillon Parkway
- Market: St. Petersburg
- Square Feet: 110998.0
- Tenant: Frank Bracken - Foot Locker, Inc.
- Landlord: Jeffrey J. Feil - Feil Organization
- Tenant's Representatives: Lee Winter (JLL), Caleb Lewis (JLL)
- Landlord's Representatives: Andrew Wiener (The Feil Organization), Barry Hanerfeld (CBRE), Molly Molloy Catlett (CBRE)
- Lease Date: 03/31/2025
The deal features several key individuals, including tenant representatives Lee Winter and Caleb Lewis from JLL, and landlord representatives Andrew Wiener from The Feil Organization, Barry Hanerfeld, and Molly Molloy Catlett from CBRE. The transaction highlights the involvement of Jeffrey J. Feil, representing the Feil Organization, as the landlord in this lease agreement.
Players
Saint Petersburg Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93