Blog Archives

Cleveland Developer Buys Central Avenue Office Site in Redevelopment Play

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 […]

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Central Florida Retail Outperforms National Trends

Spurred by highly publicized store closings of national chains like Toys R Us and Sears, the retail sector has received a lot of attention and analysis regarding its impending “apocalypse.” A quick look at central Florida’s market fundamentals, however, wouldn’t support such gloom and doom. In Tampa and Orla Tampa/St. Petersburg Commercial Real Estate News […]

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Central Florida Retail Continues to Outperform National Trends

Spurred by highly-publicized store closings of national chains like Toys R Us and Sears, the retail sector has received a lot of attention and analysis regarding its impending ‘apocalypse.’ A quick look at Central Florida’s market fundamentals, however, wouldn’t support such gloom and doom. In Tampa and Orla Tampa/St. Petersburg Commercial Real Estate News From […]

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Mercury Advisors Secures Financing for Grand Central at Kennedy

Mercury Advisors, a commercial real estate investment firm, secured an $ 18.25 million bridge loan financing for the Grand Central at Kennedy mixed-use project located at 1120 E. Kennedy Blvd. in downtown Tampa, FL. The loan carries has a five-year term and a 25-year amortization schedule. Bob Hernandez, senior vice president and managing director of […]

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Central Florida Business Park Trades for $14.9M

Legacy Capital Partners sold the nine-building Central Florida Business Park to Canadian-based Carolyn Corporation for $ 14.9 million, or about $ 19 per square foot. The deal totals 775,864 square feet of industrial space at 5300 Recker Hwy in Winter Haven, FL, within the Polk County Industrial submarket. Fred Beasley of Beasley Real Estate Services […]

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