Tampa private investment firm buys Central Avenue office building
October 9, 2020 - Katz Capital Management LLC has bought an office building in west St. Petersburg that formerly belonged to Anchor Property & Casualty Insurance Co. Pineywoods Florida VI LLC, a fund associated with Katz Capital, paid $4.5 million for the property at 5999 Central Ave., according to a deed recorded Oct. 5 in Pinellas County. Pineywoods has a $3 million mortgage with Valley Bank for the property, county records show. Neither Katz Capital, a private equity real estate firm in Tampa, nor Anchor Insurance returned calls for comment on the purchase. Anchor stopped writing new business earlier this year and sold its policies to Homeowners Choice Property & Casualty Insurance. The four-story, 33,170-square-foot office building acquired by Katz Capital is one-half of the Wittner Center. The other building in the complex, at 5959 Central Ave., is still owned by Anchor, according to Pinellas property records.