The padding top and bottom for these areas are set in your template.css file just look for:
#s5_top_row1_area_inner, #s5_top_row2_area_inner, #s5_top_row3_area_inner, #s5_above_columns_inner, #s5_below_columns_inner, #s5_center_area1, #s5_above_columns_inner, #s5_bottom_row2_area_inner, #s5_bottom_row3_area_inner {
padding-bottom: 110px;
padding-top: 110px;
}
#s5_center_area1 = this is where the top padding is applied. You could take this out from the above code and make a new one like this below it:
#s5_center_area1 {
padding-bottom: 110px;}