Life and politics from the Sunshine State's best city

St. Pete’s clock tower is being sued by former leasing agent

in The Bay and the 'Burg/Top Headlines by

The owners of St. Pete’s tallest building are being sued for failing to pay its former leasing agent a commission on a large-scale deal brokered by a Tampa company called Hybridge.

According to lawsuit documents, Hybridge principal Justin Boudreau received a tip that an undisclosed company may be interested in leasing a large amount of space in the 28-story downtown One Progress Plaza.

In December 2014 the New York-based company iQor announced it planned to move its headquarters to St. Pete bringing with it more than 100 employees spread over three floors in the iconic building.

However, by the time the announcement was made, Hybridge was no longer the building’s leasing agent. According to Hybridge, Boudreau continued to facilitate the deal. The company also had a stipulation in its contract with One Progress Plaza to earn a commission for any lead it cultivated as long as a deal was signed within 180-days.

Based on that, Hybridge claims it is entitled to a $180,145 payment for its work on the 10-year, $6 million deal. In April, partial owners Kucera Properties indicated they would not be paying Hybridge any commission.

Hybridge is seeking payment for the entire 3 percent commission plus attorney’s fees, interest and “such further relief as this court may deem just and proper.”

IQor is a business outsourcing and product support company. Prior to signing the deal, IQor purchased part of the St. Pete-based Jabil Circuit.

Hybridge provides real estate services to both regional and national retailers. Its office is in Ybor City.

The lease for floors 5-7 of the building begins with an annual rent of $435,664. By year 10 that rent amount will be $783,225.

Hybridge is represented by two attorneys from the Orlando law firm of Moran Kidd Lyons Johnson.

The lawsuit was filed on May 5.

Janelle Irwin has been a professional journalist covering local news and politics in the Tampa Bay area since 2003. She also hosts a weekly political talk show on WMNF Community radio. Janelle formerly served as the sole staff reporter for WMNF News and previously covered news for and various local neighborhood newsletters. Her work has been featured in the New York Daily News, Free Speech Radio News and Florida Public Radio and she's been interviewed by radio stations across the nation for her coverage of the 2012 Republican National Convention. Janelle is a diehard news junkie who isn't afraid to take on big names in local politics including Tampa Mayor Bob Buckhorn, the dirty business of trash and recycling in St. Pete and the ongoing Pier debacle. Her work as a reporter and radio host has earned her two WMNF awards including News Volunteer of the Year and Public Affairs Volunteer of the Year. Janelle is also the devoted mother to three brilliant and beautiful daughters who are a constant source of inspiration and occasional blogging fodder. To contact, email [email protected]

Latest from The Bay and the 'Burg

Go to Top