CPR wishes everyone Happy Holidays! We’ll see you in January! Our offices will be closed December 24th through December 31st.
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Tampa Bay Industrial Outlook
The Tampa Bay industrial market is one of many nuances. There are some systematic similarities, but as real estate goes, location makes a difference. As a whole, the industrial market has continued to see strong growth as increased demand has resulted in higher property values and lease rates. As a result, new construction has continued…
CRE WORD OF THE WEEK
Good morning! Welcome back to Word of the Week Wednesday! Today let’s look at 1031 exchange. A 1031 exchange is a provision from the U.S. Internal Revenue Code. It allows a seller to defer paying capital gains taxes when a property is sold, and proceeds are reinvested in another property within a certain timeframe.
Commercial Partners Realty Represents Tenant in the Tampa Airport Industrial Sub-market.
Commercial Partners Realty is excited to announce that our Airport Industrial specialist Marko Radosavljevic has recently completed a lease transaction for his client, the Tampa Bay Times. The lease was for 16,185 SF of warehouse space in the Thompson Center II industrial park located at 5411 & 5505 Johns Rd Tampa. This location is ideal…
One Man’s Vision Leads to Neighborhood Success
When Frank Bozikovich looks at South St. Pete he doesn’t see its troubled past. Frank sees opportunity. As a long-term resident of Broadwater and local commercial Realtor, Frank’s daily commute took him past the challenged landscape of US 19 South. Properties in decline after the loss of most of the big box stores caused prospective…
CRE WORD OF THE WEEK
Good morning and happy holidays! It’s Word of the Week Wednesday! Let’s take a look at dock high loading. This refers to a loading dock found in most industrial properties in which the standard height of the dock is 48 inches from the ground to the floor of a warehouse. These can be accomplished via…
CPR Represents Seller in $2,250,000 Sale of St. Petersburg Office Building
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…