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Cleveland Developer Buys Central Avenue Office Site in Redevelopment Play

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Development firm The NRP Group acquired a 9,950-square-foot office building off of Central Avenue in St. Petersburg, Florida in part of a redevelopment project. The Cleveland-based firm purchased the building, which sits on a 2-acre site, from Castlefrank Florida Holdings LP for $ 7.2 Million, or about $ 724 per square foot. Located at 1701 Central Ave., the new owner plans to demolish the existing office building to develop luxury apartments…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

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