Foot Locker, Inc. Announces Plans for its Global Headquarters in St. Petersburg, Florida

Rhea-AI Summary

Foot Locker has signed a long-term lease for its new global headquarters in St. Petersburg, Florida, securing 111,000 square feet at 570 Carillon Parkway. The Fortune 500 footwear and apparel retailer's relocation, first announced in Q3 2024, demonstrates its commitment to the Tampa Bay region.

The Class A office property, owned by The Feil Organization, is located in the prestigious Carillon Business Park and features extensive amenities including a café, fitness center, and 24/7 building access. The move aligns with Foot Locker's Lace Up Plan, aimed at fostering team connectivity and enhancing sneaker culture presence in the area.

St. Petersburg Mayor Kenneth T. Welch welcomed the company's investment in the local economy and workforce, while Foot Locker President Frank Bracken emphasized the metropolitan Tampa Bay area's potential for attracting top talent and connecting with the community.

Positive

• Strategic relocation to a business-friendly area with potential for talent attraction
• Long-term lease secured in a premium Class A office property
• Move supports operational efficiency through team alignment and connectivity

Negative

• Potential relocation costs and expenses associated with the move
• Possible short-term operational disruption during transition

The Fortune 500 company has leased 111,000 square feet at The Feil Organization’s 570 Carillon Parkway

ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- The Feil Organization, a premier national real estate investment firm, announced today that Foot Locker, Inc., a leading footwear and apparel retailer, has signed a 110,998-square-foot, long-term office lease to relocate its global headquarters to 570 Carillon Parkway, a premier Class A office property in the heart of St. Petersburg, Florida.

Photo credit: TVS Design

“We’re thrilled to learn that Foot Locker has secured its move to St. Petersburg with a major presence in the Carillon area,” said Mayor Kenneth T. Welch. “When a Fortune 500 company relocates its headquarters, its leadership, and its team members to the Tampa Bay region, it’s an investment in the promise of St. Pete’s culture, workforce, and local economy. As we continue our support of Foot Locker’s transition to our city, we remain committed to sustaining an impactful business environment so companies of all sizes can call St. Petersburg home.”

“We’re proud to establish our new headquarters in St. Petersburg, a city that has warmly welcomed Foot Locker, Inc.," said Frank Bracken, President of Foot Locker, Inc. “As we accelerate our Lace Up Plan, we believe the metropolitan Tampa Bay area provides the perfect environment to align our internal teams, attract top talent, and connect with the local community. With many of our team members already calling this city home, we’re excited to deepen our roots, foster connectivity, and create greater alignment and inspiration for our team and brand partners to bring sneaker culture to life.”

“Welcoming Foot Locker, Inc. to St. Petersburg underscores 570 Carillon’s preeminent position as a premier office space where high-profile organizations can grow and thrive,” said Andrew Wiener, Head of Commercial Office Leasing at The Feil Organization. “We continue to see prominent companies prioritizing Southwest Florida as an opportunity for both headquarters and satellite locations. Leading companies recognize that the region offers employees a high quality of life, Class A work spaces and abundant amenities that both attract and retain valuable talent.”

Foot Locker, Inc.’s move to 570 Carillon represents its commitment to community and connectivity as it continues to ignite sneaker culture and unlock business opportunities through the execution of its Lace Up Plan. The retailer first announced plans to relocate its headquarters to St. Petersburg in the third quarter of 2024.

570 Carillon, located in the prestigious Carillon Business Park, provides a prime office location with extensive renovations to its lobby and common areas. The building is ideally situated next to walking trails, restaurants, hotels, retail shops, banks and residential neighborhoods. In the heart of the Gateway Business District, it provides easy access to major thoroughfares such as I-275, Ulmerton Road and Roosevelt Boulevard. With 250,000 rentable square feet across five stories, this Class A office building offers on-site amenities, including a café, fitness center, 24/7 building access and high-speed cable and fiber services.

Foot Locker, Inc. was represented by Lee Winter and Caleb Lewis of JLL. The Feil Organization was represented in-house by Andrew Wiener and Barry Hanerfeld and Molly Molloy Catlett of CBRE.

About the Feil Organization
The Feil Organization is a real estate investment, management, and development firm based in New York City with over 70 years of expertise. Feil’s diverse portfolio commands over 24 million square feet in industrial, commercial, and retail, over 5,000 residential properties, and thousands of acres of undeveloped land across the United States.

About Foot Locker, Inc.
Foot Locker, Inc. is a leading footwear and apparel retailer that unlocks the "inner sneakerhead" in all of us. With approximately 2,400 retail stores in 26 countries across North America, Europe, Asia, Australia, and New Zealand, and a licensed store presence in Europe, the Middle East and Asia, Foot Locker has a strong history of sneaker authority that sparks discovery and ignites the power of sneaker culture through its portfolio of brands, including Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos.

About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Foot Locker, Inc. Disclosure Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws about Foot Locker, Inc. Other than statements of historical facts, all statements which address activities, events, or developments that Foot Locker, Inc. anticipates will or may occur in the future, including, but not limited to, such things as future strategic plans, financial objectives, financial outlook and other such matters, are forward-looking statements. These forward-looking statements are based on many assumptions and factors, which are detailed in Foot Locker, Inc.’s filings with the U.S. Securities and Exchange Commission.

These forward-looking statements are based largely on Foot Locker, Inc.’s expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond its control. For additional discussion regarding risks and uncertainties that may affect forward-looking statements, see "Risk Factors" disclosed in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 1, 2025, filed on March 27, 2025, and subsequent filings. Any changes in such assumptions or factors could produce significantly different results. Foot Locker, Inc. undertakes no obligation to update the forward-looking statements, whether due to new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250331003243/en/

Media Contact

BerlinRosen

feil@berlinrosen.com

Foot Locker Media Relations

Dana Yacyk, VP, Communications

mediarelations@footlocker.com

Foot Locker Investor Relations

Kate Fitzsimons, Senior Director, Investor Relations

ir@footlocker.com

Source: The Feil Organization

FAQ

When did Foot Locker announce its headquarters relocation to St. Petersburg?

Foot Locker initially announced plans to relocate its headquarters to St. Petersburg in the third quarter of 2024.

How large is Foot Locker's new headquarters space in St. Petersburg?

Foot Locker has leased 110,998 square feet at 570 Carillon Parkway in St. Petersburg, Florida.

What amenities are available at Foot Locker's new headquarters location?

The building offers a café, fitness center, 24/7 building access, high-speed cable and fiber services, and proximity to walking trails, restaurants, hotels, and retail shops.

How does the headquarters relocation align with Foot Locker's business strategy?

The move supports Foot Locker's Lace Up Plan, aiming to align internal teams, attract talent, and enhance connections with the local community to promote sneaker culture.