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.
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