TransferWise, a New York City-based peer-to-peer money transfer service, has signed a new office lease in Tampa’s historic Ybor City neighborhood. The 21,500 sqf long-term lease will include the first two floors and a portion of the basement at the former M. Stachelberg & Co. cigar factory. Located at 2000 East 11th Avenue, the 36,640 sqf building was built in 1894 and renovated in 1994 and 2006. TransferWise, which has six offices around the world, plans to relocate 70 employees to the new space and expand its operations in Tampa. The expansion will allow the company to accommodate up to 90 workers by 2019. Chris Butler, managing director of office and industrial agency leasing for Franklin Street, represented the building’s owner based out of Florida.
“The building was purchased in July as the prior tenant was vacating, and we’re thrilled to be able to lease it with an excellent company like TransferWise and to do so as quickly as we did,” said Butler. “Ybor City’s unique mix of historic storefronts and modern commerce helped to influence the tenant’s decision to relocate to the new space. The building’s existing infrastructure, strong ownership and recent capital improvements also generated heavy interest from potential tenants.”
