ST. PETERSBURG, Fla.,
April 14, 2015 /PRNewswire/
-- New York-based Twinlab Consolidation Corporation (TCC)
announced today that, as the result of anticipated expansion of its
businesses following recent mergers and acquisitions, it has
outgrown its current corporate office spaces and after an extensive
search will establish its new, integrated corporate headquarters in
downtown St. Petersburg, Fla.,
later this year. The health and wellness company has leased two
floors totaling 30,600 square feet at First Central Tower.
Sanford Mahr of The Mahr Company
acted as the broker for TCC in their expansion to St. Petersburg. TCC was represented by
Jonathan Weiss, Esq., Partner at
Wilk Auslander LLP.
"Downtown St. Petersburg is a
terrific location for our company, which is focused on health and
wellness," said TCC CEO Tom
Tolworthy. "The weather, along with St. Petersburg's waterfront location, promotes
a dynamic, healthy lifestyle for which our products are known."
Like New York, St. Petersburg is a
truly "walkable downtown" with hundreds of acres of dedicated city
parks that run along the waterfront. TCC expects to bring 80
employees to the area – many through relocation from New York City, Grand
Rapids, and Utah. TCC
anticipates hiring additional staff from the local St. Petersburg area.
"TCC is committed to supporting American jobs," said Tolworthy.
"St. Petersburg and the
State of Florida provided a
terrific business platform for the establishment of a corporate
headquarters for what we believe will be a growing national and
international business. In addition, this new office space will
allow us the flexibility to expand the manufacturing footprint
within our 165,000-square-foot manufacturing facility in
American Fork, Utah, where we
proudly manufacture some of the best known brands in the industry,
including Twinlab®, Twinlab® Fuel, Metabolife®, Trigosamine®, and
Alvita® teas."
"We are thrilled that TCC has chosen First Center Tower for
their corporate headquarters," stated Larry
Feldman, CEO of Feldman Equities, one of the building's
owners. "We have been bullish on the downtown St. Pete market as
evidenced by our purchase of three of its signature office
buildings over the past few years. We welcome TCC in joining
downtown St. Pete's impressive revitalization." According to
Feldman and the decision makers at TCC, downtown St. Petersburg has a higher quality of life
than almost any other downtown in the state. Within walking
distance from First Central Tower, there are seven museums, over 45
restaurants, a theater for the performing arts, a major league
baseball stadium, soccer stadium and nearly a dozen marinas.
A joint venture consisting of affiliates of Feldman Equities,
Tower Realty Partners and Second City Real Estate acquired First
Central Tower, a 17-story, 250,000-square-foot office building late
last year. The group intends to invest nearly $10 million in building renovations and tenant
improvements including a state of the art fitness center – a major
draw for TCC.
Redevelopment plans for First Central Tower include an extensive
lobby renovation, upgraded tenant-floor elevator lobbies, tenant
corridors and restrooms. In addition, ownership will be adding an
amenity package that will include a new concierge desk, a
state-of-the-art luxury fitness center and conference
center. In keeping with current office space trends towards
hip, high-tech spaces, one of the lower floors will be converted to
a common tenant lounge area. The lounge area will include soft
seating, large flat-screen TVs, iPad chairs and free WIFI.
Mechanical/system upgrades will include a completely new modern
elevator system and new elevator cabs. The parking garage will be
upgraded with new paint and upgraded LED lighting.
First Central Tower is anchored by BB&T Bank whose name tops
the building, Abbey Adams Law,
Traub Lieberman Law and TCC. Tenants
on the building's upper floors enjoy beautiful views of
Tampa Bay and the St. Petersburg skyline. Located in the heart
of downtown St. Petersburg, First
Central Tower sits on the southeast corner of Central Avenue and
4th Street.
About Twinlab Consolidation Corporation
Twinlab
Consolidation Corporation, a wholly-owned subsidiary of Twinlab
Consolidated Holdings, Inc. ("TLCC"), is an industry-focused health
and wellness company committed to developing top brands. An
employee-controlled company, TCC aligns the interest of all
stakeholders, has a portfolio of products that are made in America
using the finest ingredients from around the world, and provides
premium quality contract manufacturing services through its
subsidiary NutraScience Labs, Inc. In addition to its namesake
brand, Twinlab®, established in 1968, TCC also manufactures and
sells other well-known category leaders including the Metabolife®
line of diet and energy products; Fuel line of sports supplement
products; Alvita® teas, established in 1922 as a single-herb tea
line; Trigosamine® joint support products as well other health and
wellness brands. Twinlab's manufacturing facility in American Fork, Utah is an NSF GMP and NSF GMP
for Sport certified facility. Visit www.tchhome.com for more
information.
Forward Looking Statements
Statements we make in this press release may include statements
which are not historical facts and are considered forward-looking
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, which are usually identified by the use of
words such as "anticipates," "believes," "estimates," "expects,"
"intends," "may," "plans," "projects," "seeks," "should," "will,"
and variations of such words or similar expressions. We intend
these forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in
Section 27A of the Securities Act and Section 21E of the
Securities Exchange Act and are making this statement for purposes
of complying with those safe harbor provisions. These
forward-looking statements reflect our current views about our
plans, intentions, expectations, strategies and prospects, which
are based on the information currently available to us and on
assumptions we have made. Although we believe that our plans,
intentions, expectations, strategies and prospects as reflected in
or suggested by those forward-looking statements are reasonable, we
can give no assurance that the plans, intentions, expectations or
strategies will be attained or achieved. Furthermore, actual
results may differ materially from those described in the
forward-looking statements and will be affected by a variety of
risks and factors that are beyond our control including, without
limitation, those risks set forth in the "Item 1A. Risk Factors"
section of the Annual Report on Form 10-K filed by TLCC with the
Securities and Exchange Commission on March
31, 2015 as updated by TLCC's other SEC filings. We assume
no obligation to update publicly any forward-looking statements,
whether as a result of new information, future events or
otherwise.
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SOURCE Twinlab Consolidation Corporation
