After a search that spanned nearly 4 years, Modern Silicone Technologies, represented by Scott Clendening of Commercial Partners Realty has purchased the former Expo Center in Pinellas Park. In one of the largest industrial transactions of 2011, Modern Silicone acquired the 13 acre site, which includes a 123,000 sf tilt-wall manufacturing facility, for $3.5 million dollars. The property was formerly owned by Frito Lay.
Modern Silicone Technologies plans on consolidating their Clearwater, West Virginia and Chicago facilities into what will be a "state of the art" injection molding and design plant. The merging of these operations and expansion into the Pinellas Park location is expected to bring some much needed jobs to the Tampa Bay area.
"We looked at vacant land for build-to-suit possibilities as well as all the existing manufacturing properties over 90,000 sf throughout the Bay Area" says Scott Clendening, Broker and President of CPR. "There were many opportunities that were analyzed. Our acquisition in Pinellas Park met all of our criteria to accommodate Modern Silicone’s expanding operations".
Modern Silicone Technologies is a leader in the field of liquid silicone rubber injection molding and liquid silicone rubber over-molding onto rigid substrates. Established in 1994, their integration of tooling technology and reduced tooling lead times in conjunction with molding expertise has provided Modern Silicone with the ability to carry customers from design to production quickly and effectively.
Commercial Partners Realty is a full service Commercial Real Estate brokerage specializing in Office, Industrial, Retail and Investment leasing and sales. Representing landlords, tenants, buyers and sellers of commercial real estate in Tampa Bay and West Central Florida, they have transacted more than two hundred million dollars of real estate.
Your Team for Industrial, Office, Retail and Investment Properties
Monday, December 19, 2011
Thursday, November 3, 2011
Commercial Partners Realty Leases 12,000 SF Commercial Building
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Commercial Partners Realty agent Erik Anderson represented the landlord, Night Train South, LLC., in the leasing of 2063 1st Avenue South, St. Petersburg, FL 33712. The new tenant, Armstrong Kitchen and Bath Ideas, Inc. will soon be moving into the 12,000 SF building that formerly was home to Horne's Marine Salvage on First Avenue South near downtown St. Petersburg, FL. For more information on properties still available in St. Petersburg, visit our website: www.cprteam.com. |
Friday, September 30, 2011
Technology and Real Estate
by Dana Koay
The CPR Team believes in leading the pack when it comes to using technology to better serve our clients. That is why you can find us on Facebook, twitter, LinkedIn and on our own website, cprteam.com. And now we have started a daily paper that pulls information from links posted to social media sites about businesses in the Tampa Bay area.
The Tampa Bay Daily Business News is hosted by paper.li and you can subscribe to receive daily updates or visit by clicking on the table of contents in the sidebar on this blog. If you would like your news links to be included, just follow us on twitter - @CPR_Team - and let us know that you're from the Tampa Bay area.
Monday, September 12, 2011
Commercial Partners Realty Activity
CPR Team
The past month has been fairly active for the CPR Team. We have taken on several new listings and have completed two leases and the sale of a 10,000 square foot office in St. Petersburg, FL.
Transactions
Frank Bozikovich represented the landlord, 34th Street Crossing, in the lease of 1,200 SF of retail space to Direct General Insurance. The space is located in the 34th Street Crossing Shopping Center at 2900 34th Street S., St. Petersburg, FL.
Scott Clendening represented the landlord, Oldsmar Industrial Properties, in the lease of a 12,000 SF warehouse space to Lockheed Martin. The space is located at 148 E. Douglas Rd., Oldsmar, FL.
Scott Clendening also represented the buyer, LND & B Professional Center Holdings, LLC, in the purchase of a 10,000 SF office building owned by Whitney Bank, located at 3900 1st Street N., St. Petersburg, FL, for $785,000.
New Listings
Scott Clendening is now the exclusive leasing agent for a 2,736 SF professional office building located at 2941 5th Avenue N., St. Petersburg, FL. This freestanding office is recently renovated with hardwood floors and has a parking lot on the quarter-acre site. It is available at $11.00/sf NNN.
Scott Clendening is also the exclusive agent for the lease or sale of 3 industrial buildings totaling 23,250 SF in the Dome Industrial area of St. Petersburg. Located at 222 22nd Street S., the fenced lot encompasses a full city block and is zoned Industrial Traditional (IT). It is available for sale at $800,000 or Lease at $3.75/SF NNN.
Erik Anderson is the exclusive agent for the lease or sale of a 7,000 SF Office/Warehouse space located at 4181 114th Terrace N, Clearwater, FL. This includes 3,500 SF of Warehouse/Distribution Space and 3,500 SF of air conditioned office/production space. It is for sale at $315,000 or for lease at a blended rate of $6/SF ($5/SF for Warehouse / $7/SF for Office).
The past month has been fairly active for the CPR Team. We have taken on several new listings and have completed two leases and the sale of a 10,000 square foot office in St. Petersburg, FL.
Transactions
Frank Bozikovich represented the landlord, 34th Street Crossing, in the lease of 1,200 SF of retail space to Direct General Insurance. The space is located in the 34th Street Crossing Shopping Center at 2900 34th Street S., St. Petersburg, FL.
Scott Clendening represented the landlord, Oldsmar Industrial Properties, in the lease of a 12,000 SF warehouse space to Lockheed Martin. The space is located at 148 E. Douglas Rd., Oldsmar, FL.
Scott Clendening also represented the buyer, LND & B Professional Center Holdings, LLC, in the purchase of a 10,000 SF office building owned by Whitney Bank, located at 3900 1st Street N., St. Petersburg, FL, for $785,000.
New Listings
Scott Clendening is now the exclusive leasing agent for a 2,736 SF professional office building located at 2941 5th Avenue N., St. Petersburg, FL. This freestanding office is recently renovated with hardwood floors and has a parking lot on the quarter-acre site. It is available at $11.00/sf NNN.
Scott Clendening is also the exclusive agent for the lease or sale of 3 industrial buildings totaling 23,250 SF in the Dome Industrial area of St. Petersburg. Located at 222 22nd Street S., the fenced lot encompasses a full city block and is zoned Industrial Traditional (IT). It is available for sale at $800,000 or Lease at $3.75/SF NNN.
Erik Anderson is the exclusive agent for the lease or sale of a 7,000 SF Office/Warehouse space located at 4181 114th Terrace N, Clearwater, FL. This includes 3,500 SF of Warehouse/Distribution Space and 3,500 SF of air conditioned office/production space. It is for sale at $315,000 or for lease at a blended rate of $6/SF ($5/SF for Warehouse / $7/SF for Office).
Tuesday, July 26, 2011
Commercial Real Estate Outlook Improving
The commercial real estate market is showing signs of improvement led by an upswing in the multifamily market. Moody's report, released Monday, showed the market's health improved moderately in the second quarter.
Read the full story in Bloomberg Business Week
Read the full story in Bloomberg Business Week
Wednesday, June 29, 2011
Department of Health Leases 19,000 SF in Gandy Office Center
The Gandy Center, a professional multi-tenant office building located at 3491 Gandy Blvd in Pinellas Park, has leased 19,000 SF to the Florida Department of Health. With the help of Erik Anderson and Scott Clendening of Commercial Partners Realty, Inc., the Landlord was able to successfully navigate a bidding process that began in August of 2010 and included a number of new governmental requirements, culminating in final approval by Governor Rick Scott.
Gandy Center agreed to completely renovate the space to provide the Department of Health with brand new offices. They were able to do this while maintaining very aggressive lease rates for quality office space.
This lease increases the occupancy of the office center to 60%. The tenants in place are medical and legal professionals. A wide variety of configurations are still available for users needing 1,000 to 15,000 SF of office space.
Gandy Center agreed to completely renovate the space to provide the Department of Health with brand new offices. They were able to do this while maintaining very aggressive lease rates for quality office space.
This lease increases the occupancy of the office center to 60%. The tenants in place are medical and legal professionals. A wide variety of configurations are still available for users needing 1,000 to 15,000 SF of office space.
Tuesday, June 7, 2011
CPR Agents Featured on Bay News 9
Commercial Partners Realty agents Frank Bozikovich and Erik Anderson recently appeared on Bay News 9. They were interviewed by Chris Hopper for their insights into the value of vacant property owned by the Pinellas County School District.
Many citizens are calling for the school district to sell some of its real estate in order to offset budget cuts that have affected the district this year. To read more about this and what our agents are saying, visit Bay News 9's website.
Many citizens are calling for the school district to sell some of its real estate in order to offset budget cuts that have affected the district this year. To read more about this and what our agents are saying, visit Bay News 9's website.
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