No Comments

CPR Represents Buyer in $3,550,000 Tampa Office Building Sale

Realtor Jim Engelmann
This image has an empty alt attribute; its file name is macdill.png

Jim Engelmann of Commercial Partners Realty represented the buyer, NAAM Property Management, in the purchase of the Bayshore Annex Building, located at 1001 S. MacDill in Tampa FL. The 2,735 SF building sold for $3,550,000.

The multitenant office building in South Tampa is located just a few blocks away from Palma Ceia Country Club. The building’s unique floorplan would allow multiple tenants to operate independently as well as utilize a common space.

Realtor Jim Engelmann
Realtor Jim Engelmann of commercial partners realty

Jim Engelmann is a land, office, and investment specialist in the Northern Tampa Bay and Pasco County markets. By leveraging CPR’s research capabilities and local expertise Jim is armed with the most current market data. Key areas of focus include site selection and demographic analysis for ALFs, multifamily and self-storage uses as well as vacant land disposition. He is a dedicated customer advocate who works hard to negotiate the best possible deal for our clients.

View other recent transactions from Commercial Partners Realty here.

No Comments

CPR Represents Seller in $2,250,000 Sale of St. Petersburg Office Building

Commercial office building sold in St. Petersburg
Scott Clendening, 6735 Crosswinds Dr. N.

Broker Scott Clendening of Commercial Partners Realty represented the seller, BridgePoint Church in the sale of an 11,312 SF office building located at 6735 Crosswinds Dr., St. Petersburg FL for $2,250,000.  

The Tyrone area office building featured in a recent St. Pete Catalyst article was sold to private investors. Located adjacent to the Tyrone Square Mall and will be a great fit for future financial, legal, or professional use.

Scott Clendening has specialized in the Central Florida Industrial market since 1985, selling hundreds of acres of land and handled transactions on over a million square feet of commercial/industrial buildings in his career.  In addition to being broker and president of Commercial Partners Realty, he is a founding member of the Florida Gulfcoast Commercial Association of Realtors (FGCAR) and a Past President.

See other recent transactions from Commercial Partners Realty here.

No Comments

CPR Represents Owner in Sale of Mid-Pinellas Office/Warehouse Building

exterior of building located at 10900 US HWY 19 N.
Exterior of Building located at 10900 HWY 19 N. Sold to Private Label Skincare
10900 US HWY 19 N. 60,000 SF building on 4.39 acre lot sold for $4, 725,000

David Culligan of Commercial Partners Realty and Jon Slater of Lincoln Property Company represented Peltz Shoes in the sale of a 60,000 SF building situated on a 4.39-acre site to Private Label Skin Care, for $4,725,000.

Founded by Chris and Gayle Estey, Private Label Skincare Florida currently based in Dunedin, FL, began as a small startup company in 2011 and has since rapidly expanded. Private Label’s recent growth and procurement of the 60,000+ Square foot building is expected to bring new jobs to the area ranging from warehouse and manufacturing to executive-level positions. Career opportunities with Private Label Skincare can be found on their website.

The office/warehouse building located at 10900 US Hwy 19N in Mid – Pinellas County is only 7 minutes from I-275 and 20 minutes from Downtown St. Petersburg, Downtown Clearwater, and the Tampa International Airport. The 60,119 SF property consists of 13,024 SF of office space and a 44,585 SF climate-controlled warehouse, giving Private Label the space it needs to grow.

Commercial Partners Realty is a full-service Tampa Bay Commercial Real Estate firm, specializing in Office, Industrial, Retail, Land and Investment leasing and sales. David Culligan has over 25 years of experience in commercial real estate. Specializing in Office and Industrial real estate, David operates out of the firm’s Tampa Office.

No Comments

CPR Team Announces Recent Transactions

The Commercial Partners Realty team is pleased to announce our recent commercial real estate transactions.

Jim Engelmann represented the seller in the sale of sale of 165 Acres of land that sold in 2 phases during the past 6 months. The property was located on the busy State Rd 54 corridor in Pasco County, FL.

Erik Anderson represented the buyer in the purchase of this 4,360 SF office building in Clearwater. 

CPR Team member David Culligan represented the tenant in the sublease of a 2,437 SF Office in Davenport FL.

Recent Transactions from the QA Team

Dan Quarles and Austin Karrick of the QA Team represented the buyer in the purchase of this 20,000 sf flex building on 1.73 Acres in Tampa.

The QA Team represented the landlord in leasing over 10,000 SF of Mid-Pinellas flex space.

Recent Transactions from CPR Broker Scott Clendening

CPR Broker, Scott Clendening represented the buyer in the purchase of a 31,720 SF religious facility on 4.7 acres in Seminole FL.

Scott Clendening represented the sublessor in the sublease of 39,202 SF of Flex Space in Mid Pinellas County

Scott Clendening also represented the tenant in the lease of 5,524 SF of Class A tower office space in downtown St. Petersburg, FL.

He represented the seller of a 17,000 SF Industrial building in St. Petersburg FL.

No Comments

CPR Team Member Closes 123 Acre Land Sale in Pasco County

Commercial Partners Realty is pleased to announce the sale of 123 acres of retail and multifamily land in the first phase of a mixed-use development on the State Road 54 corridor in Pasco County. CPR Team member Jim Engelmann represented the sellers, Smith HV & Smith MV Co-Trustees & Dolcimascolo MM et al, in the $6,282,000 transaction.

According to Engelmann, “This property is one of the last large development sites along the State Road 54 corridor.  When COVID disrupted the commercial real estate market, there were definite concerns that the retail users and residential developers would walk away from this site, as well as other properties under contract.  However, the Pasco market is very strong, and demand is high for convenience, quick service restaurants and new homes.  All of the intended users stayed under contract and are now preparing to start construction.  As the Pasco momentum continues, we will see more mixed-use developments come online.”

While the virus was definitely a concern, it did not ultimately stop the project’s developer, the Ferber Company, from moving forward.  The Ferber Company, is a privately held real estate development and investment company that is involved in a broad array of commercial real estate projects. Their clients range from local businesses to large national brand retailers. The company was pleased to close on the first phase of the project.

Ryan Plate, Vice President of the Ferber Company, praised the CPR Team for their efforts in getting the deal done.

“Jim Engelmann, with the CPR team, was an integral part to the success of this first closing. He was diligent in his efforts throughout and helped facilitate many constructive conversations with his client, which ultimately helped us get to the finish line. I’ve really enjoyed working with Jim because he helps find solutions and isn’t someone who sits on the sidelines. I know that Ferber will do many more deals with Jim and the CPR team in the future.”

The second phase of the development, which includes 41 acres of residential land, is expected to close by the end of the year.

Commercial Partners Realty is a full service Commercial Real Estate brokerage specializing in Office, Industrial, Retail, Land and Investment sales and leasing. Representing landlords, tenants, buyers and sellers of commercial real estate in Tampa Bay, Pasco County and West Central Florida, they have negotiated hundreds of millions of dollars in transactions in the region.

Commercial Partners Realty is a proud member of the George F. Young corporate family. Our parent company is a full-service professional consulting firm offering engineering, planning, landscape architecture, environmental, and surveying services throughout Florida. Established in 1919, George F. Young, Inc. has been serving the Tampa Bay area and beyond for over 100 years.

No Comments

Commercial Partners Realty Negotiates Sale of 11,000 SF Skyway Marina District Office

Commercial Partners Realty team member Frank Bozikovich represented Almased in the sale of their 11,189 SF office building located at 2861 34th Street S., in St. Petersburg for $1.5 million. The property was purchased by an investor who plans to lease out the office space in the Skyway Marina District. Currently, office space in the growing market is in high demand, with a record-low 1% vacancy rate for the area.

Almased is a private, multinational company that manufactures and distributes dietary supplements worldwide. They have owned and occupied the former bank site for the past 18 years. Almased has decided to consolidate its operations in Charlotte, NC in order to be more centrally located within its distribution area. However, due to the COVID-19 crisis the move has been delayed and Bozikovich has helped the company negotiate a short-term lease with the new owner.

Commercial Partners Realty is a proud member of the George F. Young corporate family. Our parent company is a full-service professional consulting firm offering engineering, planning, landscape architecture, environmental, and surveying services throughout Florida. Established in 1919, George F. Young, Inc. has been serving the Tampa Bay area and beyond for over 100 years.

No Comments

Recent Transactions

The QA Team of Dan Quarles, Austin Karrick and Erica Lovingood continue to have a strong year in 2019. The following are the most recent transactions from Commercial Partners Realty’s Pinellas County Office/Industrial team.

Represented the landlord, Mainstream America, Inc., in the lease of 15,000 SF of flex space in the Petersburg Commerce Center, located at 4055 35th Street N. in St. Petersburg, FL to Sir Speedy Printing.

Represented the landlord, Cheese Popper, LLC, in the lease of a 2,500 SF flex building located at 1920 15th Avenue N. in St. Petersburg, FL.

Represented the buyer, Autism Inspired, in the purchase of a 11,500 SF office, located at 2177 NE Coachman Dr. in Clearwater, FL for $950,000.

Represented the buyer, ENT Associates of St. Pete, LLC in the purchase of a 7,500 SF medical office building located at 501 Dr. ML King Jr. St. S. in St. Petersburg FL for $1,830,000.

Represented the landlord, Mainstream America, Inc., in the lease of 5,100 SF of flex space in the Petersburg Commerce Center, located at 4055 35th Street N. in St. Petersburg, FL to Tampa Bay Tiny Homes.