Strategic Property Partners relocating headquarters to Water Street Tampa

The relocation makes way for Velera, in St Pete, to move into SPP’s former space.

Strategic Property Partners is moving its headquarters from Sparkman Wharf to Thousand & One, an office tower in Water Street Tampa. Architecture firm Gensler, a tenant at Thousand & One, is designing the new space.

The relocation makes way for Velera, a St. Petersburg-based credit union service organization and financial technology solutions provider, to move into SPP’s former space at Sparkman Wharf.

“SPP’s move to Thousand & One puts us closer to our future developments launching later this year,” said Josh Taube, chief executive officer of SPP. “We will miss Sparkman Wharf but look forward to a workspace that better suits our company’s needs.”

Velera, formerly known as PSCU/Co-op Solutions, is reconfiguring its office footprint as it transitions to Sparkman Wharf. With much of its workforce now remote, the company plans to establish a headquarters with a client experience center, meeting spaces and executive offices. The move is expected by mid-2026.

“Velera is excited to relocate to Sparkman Wharf, a nationally recognized business and tech hub,” said Chuck Fagan, Velera’s president and CEO. “As a longtime member of the Tampa Bay business community, we look forward to leveraging Water Street Tampa’s energy to enhance our client services.”

Velera has operated in St. Petersburg since 1977. SPP’s move brings Thousand & One to nearly full occupancy.

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