821 1st Avenue North is a 229,587 square foot seven-story office and data center building with a five-story attached annex and adjacent surface parking lot. Prominently located in the heart of St. Petersburg CBD, the facility is partially leased to Frontier Communications Corporation (NASDAQ: FTR) and is being sold on an “AS-IS” basis. Upon closing of the transaction, Frontier Communications intends to occupy approximately 52,795 SF of the building through a lease negotiated with the buyer. The remaining 176,792 SF will be available for the new owner to leverage within the market, providing an ideal value-add investment opportunity with a stream of income from a Fortune 500 Tenant.