Tampa businessman ups bid on Rivergate Tower to $70 million

A Tampa businessman says he’s increased his bid on Rivergate Tower to $70 million, but he’s not “getting much of a response” from CBRE Group Inc., which is marketing the property.

Tom Frederick, who was a partner in Zeno Office Solutions before selling the company to Xerox in 2013, bid $60 million on the tower in mid-April.

He said he was told shortly after that he was outbid by “at least three” other parties, so he upped his offer to $67 million.

On May 7, he upped it again, to $70 million. He… …read more