Recent Transactions from the CPR Team

Leased

	CPR’s QA Team of Dan Quarles and Austin Karrick represented the landlord, B Developments in the lease of 3,300 SF of Office/Warehouse space in the Bryan Dairy Business Center to Interior Fusion.
	Scott Clendening represented the landlord, KKP RE Holdings, in the lease of 4,300 SF of office space at 13777 Belcher Rd., Clearwater to MMAG Group, Inc.
	Dan Quarles and Austin Karrick represented the landlord, Mosk  Development Co. in the lease of 5,000 SF of Industrial space in the Interlaken Commerce Center to Thomcraft, Inc.
	Erik Anderson represented the landlord, B Developments in the lease of 2,079 SF of Office at the Turtle Creek Office Park at 4902 Creekside Dr., Pinellas Park to Bright Futures Financial Corp.

Sold

	CPR Team member Frank Bozikovich represented the seller, Christine Joyal in the sale of a 4,500 SF Retail store at 513 Dr. Martin Luther King Jr. St. N., St. Petersburg. FL to Minkey, LLC for $370,000.
	CPR Team member Frank Bozikovich represented the seller, Christine Joyal in the sale of a 3,800 SF Retail store at 517 Dr. Martin Luther King Jr. St. N., St. Petersburg. FL to 517 9th Street North, LLC for $275,000.
	Broker Scott Clendening represented the buyer, Nickel Plate Properties in the purchase of a 24,000 SF of office building at 4905 W. Laurel Street, Tampa, FL for $4,800,000.
	CPR Team member Frank Bozikovich represented the buyer, Evergreen Properties in the purchase of a 6,400 SF Retail store at 28601-29 66th St N, Pinellas Park, FL for $585,000.

CPR Team at the Annual FGCAR Golf Outing

CPR Team Members (L to R) Dan Quarles, Austin Karrick, Scott Clendening and Frank Bozikovich enjoy a day of fun on the links to raise money for Ready for Life.

FGCAR Presents Lifetime Achievement Award to CPR Broker Scott Clendening

Commercial Partners Realty President Scott Clendening was recently honored by the Florida Gulfcoast Commercial Association of Realtors (FGCAR) with the Henry H. Blanton Lifetime Achievement Award. Clendening was presented the award on March 31st at FGCAR’s 2015 Pinnacle Awards ceremony at the Westly Event Center.

Scott is a founding member and past president of FGCAR, one of the nation’s first commercial realtor organizations, and has been a commercial real estate professional in the Tampa Bay area since 1985. He founded Commercial Partners realty in 1995.

Clendening is also active in various industry organizations and has led local fundraising events for many charities. For the past 7 years, Scott has volunteered with Pinellas County’s Ready For Life, where he is now the Chair of the Board of Directors and mentors young adults who are aging out of the foster care system.

Scott says one of his greatest joys and accomplishments is that he has been happily married to Karen for 26 years and has three beautiful daughters.

Commercial Partners Realty Welcomes Austin Karrick to the CPR Team

Commercial Partners Realty, Inc. is pleased to announce that Austin Karrick has joined our team as a sales associate specializing in Office and Industrial sales and leasing. Austin will be part of the Q&A Team, partnering with CPR Team member Daniel Quarles to provide our clients with premium service, state of the art research tools, and competitive market data.

Austin comes to Commercial Partners from an international development company. As part of their local team, he managed over 300,000 square feet of office and industrial space in the Tampa Bay market. A graduate from the University of Central Florida, Austin brings a refreshing perspective on the commercial real estate industry. His professional and analytical skill sets will deliver cost saving benefits when clients seek a disposition or acquisition of commercial property.

Commercial Partners Realty Completes Record Year

It’s been a very successful year for Commercial Partners Realty. This year we closed nearly $21 million in transactions totaling over 350,000 square feet of commercial space. Our agents are poised to continue this momentum into 2016. The Tampa Bay market supports our optimism.

Overall vacancy rates in the Tampa Bay commercial markets have been decreasing throughout 2015 while lease rates for office and industrial properties have steadily increased, despite a small drop in retail lease rates.

Continuing positive absorption in the office, retail and industrial markets and unusually steady summer activity has built momentum that we expect will carry well into 2016. Strong demand for large industrial spaces is pushing new development. Meanwhile, low office vacancy combined with a lack of parking in the prime downtown areas is leading to an increased interest in suburban markets with lower rates and better parking options.

The area’s economic recovery has done much to help the commercial real estate market. Unemployment rates in Tampa Bay have been steadily declining since this summer. Leisure and hospitality industries experienced the largest employment gains in the area with the first half of 2015 seeing a record number of tourists visiting Florida. Tampa Bay has experienced high job growth in 2015, adding nearly 33,000 jobs this year with more expected as several major companies (Accusoft, BlueGrace Logistics, ReliaQuest) move into the area and Lufthansa adds a non-stop air route between Tampa and Frankfurt.

We have thoroughly enjoyed helping all of our clients the past year and look forward to serve Tampa Bay’s commercial real estate needs in 2016 and beyond. 

Recent Real Estate Transactions of the CPR Team

Commercial Partners Realty agents recently completed a number of transactions.

CPR Broker and President Scott Clendening represented Bay West Real Estate Co. in the sale of the Bay West Center, which sits on 1.7 acres at 7901 4th Street N, St. Petersburg. The 35,000 SF Office building sold for $3,100,000 to Bay West Center, LLC.

Erik Anderson brokered a lease between Bay West Real Estate Co. and Bessolo Design Group for 10,920 square feet of the 35,000 SF office building located at 7901 4th Street N., St. Petersburg. The $870,000 transaction brought the Bay West Center to over 91% occupancy before the sale of the property.

CPR Team members Erik Anderson and Josh Dohring represented the landlord, B & L Management, in the lease of 1,440 SF of office space to Carousel Industries at Southpointe at Breckenridge. The East Tampa office is located at 5650 Breckenridge Park Dr.

Broker Scott Clendening represented the landlord, Boos Development Group, in the lease of a 5,000 SF office building located at 2651 McCormick Drive in Clearwater. The property was leased by Elite Insurance Partners.

Erik Anderson represented the landlord, Starkey Road Investment #1, LLC, in the lease of 1650 Starkey Rd., Largo. Consolidated Electrical Distributors leased the 13,080 SF industrial building.

Dan Quarles represented the landlord, Arlington Business Records Management, Inc., and Scott Clendening represented the tenant in the lease of a 5,300 SF space in St. Pete’s Warehouse Arts District to Edwin Bailey Antiques. The space is located at 2010 1st Avenue S., St. Petersburg.

Flying Boat Brewing Company Joins St. Pete’s Craft Brew Scene

Flying Boat Brewing Company recently purchased an 11,000 square foot distribution warehouse located at 1776 11th Avenue N., St. Petersburg, FL from TW Tampa, LLC. Commercial Partners Realty agent Erik Anderson represented the seller in the transaction. The fully air conditioned industrial building sits on a three quarters of an acre lot located near downtown St. Petersburg and sold for $712,000.

Flying Boat is a recent addition to St. Petersburg’s fast-growing craft brewery scene. It is named after the aircraft used for the world’s first ticketed flight, which originated in St. Pete FL. They are the fourth brewery that Erik and Commercial Partners Realty have helped to find a home in St. Petersburg, in the past year.