
Denholtz Properties Completes Rebrand and Capital Improvement Plan at 225,651-Square-Foot Tampa Office/Flex Portfolio
25 May 2021
Denholtz Properties Completes Capital Improvements and Rebrands Thompson Center Waters as Sweetwater Business Center
Denholtz Properties has announced the completion of a capital improvement plan and rebranding of its nine-building, 225,651-square-foot Thompson Center Waters office/flex portfolio in Tampa, Fla. Renamed Sweetwater Business Center, these upgrades align with Denholtz Properties' strategy to enhance portfolio value.
Located at 5453-5557 West Waters Avenue, Sweetwater Business Center is positioned in Tampa’s high-demand Northwest office submarket, offering proximity to Tampa International Airport, downtown Tampa, and major transportation hubs. This area is a growing base for distributors, manufacturers, and defense contractors, further strengthening its role as a key player in the local economy. The business center is currently leased to an array of high-profile tenants, including Home Depot, Eckerd Youth Alternatives, BayCare, Keller, and Terracon.
Denholtz Properties’ recent capital improvements included modernizing the property’s exterior with repainting, new window film, landscaping, and upgraded signage to provide a cohesive brand image and improved street presence.
“Our goal is always to invest in long-term, value-driven enhancements,” said Jordan Wean, Director of Leasing & Business Development in Florida. “These strategic upgrades ensure that Sweetwater Business Center can continue to attract top-tier tenants and strengthens our Southeast portfolio.”
Denholtz Properties’ investments are part of a broader expansion across central and southern Florida, where the company holds over 2 million square feet of assets. With the appointment of Jordan Wean as Director of Leasing & Business Development, the company continues to identify and capitalize on acquisition opportunities throughout the southeastern U.S.
“With a resilient market and a high quality of life, the Southeast remains an attractive region for businesses and residents alike,” added Stephen Cassidy, President of Denholtz Properties. “We are well-positioned to leverage our strong regional presence and proven track record of value creation to expand strategically in Florida and beyond.”