$5Million Makeover for Tampa Bay Park

April 25th, 2013 No comments

Proposed Improvements for Tampa Bay Park

Highwoods Properties has plans to renovate the LakePointe One and LakePointe Two buildings at the Tampa Bay Park. The renovations will focus on the interior and exterior  of the two building.  Per the VP of Highland Properties, the renovations will  feature an urban collaborative and pedestrian friendly environment…Continue Reading 

 

 

 

East Tampa Potential Grocery Store Location

The Tampa City Council members voted whether to buy the properties located at 2925 21st Street and 2924 21st Street. Local property tax revenues from the East Tampa special district.  The city has been purchasing parcels along 21st and 22nd streets for 6years with the purpose of redesigning the corridor to attract commercial developers, like Save A Lot who are interested in building a store in that area…Continue Reading

 

 

 

 

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Florida Maintains #1 Foreclosure Status

April 18th, 2013 No comments

 

Florida in Top 3 For US Foreclosure Activity

According to RealtyTrac, Florida is in the top three for foreclosure activity in the United States. The Sunshine States foreclosure rate increased 7% in the 1st quarter, and increased 17%  from 2012′s 1st quarter.  Seven Florida cities were in the top 10 highest metro area foreclosure rates in the 1st quarter. The City of  Tampa is #5 with one in 100 housing units in foreclosure… Continue Reading…

 

 

 

SunRail $195M Operation/Maintenance Contact goes to Bombardier

Bombardier Transportation, a rail technology firm out of Germany  receives a 10+ year, $195 million operations & maintenance service contract with the Florida Department of Transportation (FDOT)  for Central Florida’s $1.3 billion SunRail commuter rail.

Contract services will include: operations, dispatching, fleet & track maintenance, customer service, station platform &  facility maintenance…Continue Reading 

 

 

 

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Hilton Garden Sells for $12.5 million – East Tampa

April 11th, 2013 No comments
Address 10309 Highland Manor Drive
Property Type Hotel
Sales Date 3/2013
Sales Amount $12,500,000
Sq Ft 3.53 Acres
Rooms 152
Stories 6
The California based investment company, MIG Real Estate LLC, has purchased the Hilton Garden Inn Tampa location in East Tampa/Brandon Area. This third hotel acquisition by MIG since September 2012 …Continue Reading 

“While we believe the sales information provided in this site is from a reliable source and we believe it to be accurate, we do not warranty its accuracy. Please conduct your own due diligence when purchasing or leasing commercial property.”

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Commercial Real Estate Sales of Interest Qtr 1 2013 – Hillsborough County (Tampa Area)

April 5th, 2013 No comments
Address WALMART – N Nebraska St/ Mitchell St
Property Type Vacant Commercial – Multi
Sales Date 2/27/2013
Sales Amount 6 Parcels at $4,560,000 on Multiple Dates
Sq Ft Appears to be 3+/- Acres
Prior Sale Amount $900,000
Prior Sales Date Multi
Address 2714 W Kirby St
Property Type Charitable Organization
Sales Date 1/31/2013
Sales Amount $6,500,656
Amount/Sq Ft $302.81
Prior Sale Amount $72,000
Prior Sales Date 10/17/2002
Address 6422 Harney Rd
Property Type Warehouse
Sales Date 2/25/2013
Sales Amount $17,999,800
Amount/Sq Ft $26.55
Prior Sale Amount $8,500,000
Prior Sales Date 12/19/2003
Address 3012 James L Redman Pkwy
Property Type Mixed Use Retail
Sales Date 3/1/2013
Sales Amount $2,425,000
Amount/Sq Ft $199.05
Prior Sale Amount $35,000
Prior Sales Date 12/1/1982
Address 302 Knights Run Ave
Property Type Office Building
Sales Date 2/11/2013
Sales Amount $32,000,000
Amount/Sq Ft $165.93
Prior Sale Amount $32,250,000
Prior Sales Date 12/18/2007
Address Beaumont Center – Beaumont Center Blvd
Property Type Flex Office/Industrial Space
Sales Date 1/03/2013
Sales Amount Lender has taken possession of sale through foreclosure. Previous owner is appealing the sale
Sq Ft Multiple Parcels
Prior Sale Amount Multiple Sales Amounts
Prior Sales Date 8/27/2004

“While we believe the sales information provided in this site is from a reliable source and we believe it to be accurate, we do not warranty its accuracy. Please conduct your own due diligence when purchasing or leasing commercial property.”

Interested in leasing or purchasing commercial real estate? Call us @ 813.514.1070
or email by clicking HERE!

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5 Largest Leases of 2012: Hillsborough County

March 29th, 2013 No comments
Address First Park at Bridgewater, Lakeland 33805
Property Type Industrial
Renewal  Date 8/2012
Type of Lease Renewal
Sq Ft 360,000
Address 1820 Massaro Blvd, Tampa FL33619
Property Type Industrial
Renewal  Date 1/16/2012
Type of Lease Renewal
Sq Ft 255,950
Address 1420 Gordon Food Service Drive, Plant City 33566
Property Type Industrial, Warehouse
Lease Date 8/201205/21/2012
Type of Dte New Lease
Sq Ft 243,000
Address 4409 Madison Ave, Tampa FL 33619
Property Type Industrial, Office
Lease Date 8/2012
Type of Lease New Lease
Sq Ft 202,500
Address 5701 E. Hillsborough Ave, Tampa FL 33610
Property Type Office
Renewal  Date 8/8/2012
Type of Lease Renewal
Sq Ft 143,274

“While we believe the sales information provided in this site is from a reliable source and we believe it to be accurate, we do not warranty its accuracy. Please conduct your own due diligence when purchasing or leasing commercial property.”

Interested in leasing or purchasing commercial real estate? Call us @ 813.514.1070
or email by clicking HERE!

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Tampa Bay Business News and Commentary

March 21st, 2013 No comments

Tampa’s Rotating Airport Restaurant Closing After 40yrs 

The View at CK's Steakhouse

 

40-year-old steak and seafood restaurant,  The View at CK’s, located at the rotating rooftop of the Tampa International Airport Marriott, is closing it’s doors on June 29.

Zach Curry,  GM of the Tampa Airport Marriott, said the plan is to turn the hotel’s rotating restaurant into a special event/catering venue…Continue Reading

 

Brew Hub Coming to Lakeland, FL  

Brew Hub is a company that assists local craft brewers expand to new markets is opening a central brewery in Lakeland, FL. Founded by former executives from Anheuser-Busch, St. Louis-based Brew Hub beer brewing cooperative will be located just east of the Polk Parkway interchange on Interstate 4Continue Reading

Brew Hub

 

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Tampa Commercial Real Estate News and Commentary

March 15th, 2013 No comments

Tampa Selected as Launchpad for Pep Boys Redesigned Stores 

The automotive retail chain, Pep Boys, has plans to launch the first redesigned store in the nation here in Tampa on March 23. Spokesman, Andrew Brudnicki, says “The redesign reflects a new direction for the company and aims to transform how customers experience auto service and repair…Continue Reading

 

Barnes & Nobles – Signs Long Term Lease Extensions for Tampa/St. Pete Stores

Good news for Tampa Bay book lovers. The Barnes & Noble  have extended leases on their  Tampa Bay area.stores. Stores remaining will also undergo a rejuvenation as the company makes  into learning and creative lifestyle centers with books adding gadgets, kids’ costumes and toys…Continue Reading

Barnes & Nobles Tampa Store

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Port of Tampa Receives an A+ Rating

March 7th, 2013 No comments

Port of Tampa

The Port of Tampa’s has a strategic location, its proximity to downtown Tampa, has access to 8 million plus people within 100 miles of the city. The Port’s competitive position as the deepest port in Florida, sustains its cruise and cargo businesses that have shown modest resilience during economic recession.

The port’s modest exposure to the emerging economies of Mexico and Brazil, the volatile nature of revenue related from the commodity-based cargo business, and continued contraction in the region’s construction sector remain concerns….Continued Reading

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Tampa Office Sells in Westshore for $56 Million – Colonial Place I and II

February 28th, 2013 No comments

Colonial Place I & II, Westshore

Raleigh, North Carolina based, Highwoods Properties  has purchased Colonial Place I and  Colonial Place II in Tampa’s Westshore district for $56, 000,000.

The purchase price includes $3.5 million of  building improvements equaling to $151 per sq ft, or 30% below replacement cost, Highwoods quoted in a statement given late Wednesday.

The two 10-story, Class A properties incldue 372,000 sq ft along with structured parking. The two properties, which are 86.8% leased, are predicted to make full year cash and GAAP net operating income of $4.6 million and $4.9 million, respectively, Highwoods said…Continue Reading

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Bay Area Commercial Real Estate News

February 22nd, 2013 No comments

Dunkin Donuts

Pizza, donuts and bank funding for veterans

President Obama’s State of the Union pledge to bring all American troops home from Afghanistan by the end of 2014 means there will be lots of military veterans looking for work.

TD Bank has an option for them to consider. The bank joined with the International Franchise Association and a pilot group of businesses to help veterans become business owners.

The bank will provide preferred financing to vets seeking to open a franchise among the participating businesses. That includes giving vets lower interest rates and giving them a break on the loan packaging fee, typically around $1,500… Continue Reading

 

Bloomin’ Brands posts 4Q, year-end results

Outback Steakhouse

Promotions and menu enhancements drove traffic to Bloomin’ Brands Inc. restaurants in the fourth quarter, although unfavorable weather in the Northeast, including Superstorm Sandy, offset traffic increases.

Bloomin’ Brands (NASDAQ: BLMN), Tampa-based parent company of Outback Steakhouse, reported total revenues of $998.4 million for the quarter ended Dec. 31, a 4.5 percent increase over $955.6 million for the same quarter in 2011.

Bloomin’ Brands is also the parent company of Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse and Wine Bar and Roy’s…Continue Reading

 

Downtown Tampa Army Navy surplus store to shut doors

Tampa’s Army Navy Surplus Market, which has operated in the downtown area at 1312 N. Tampa St. for 75 years, will end its run.

The store will close after it sells everything it has in the store, Manager Awilda LeBron told the Tampa Tribune. A clearance sale is scheduled to begin Feb. 21. The store said it is closing due to store owner Nick Potamitis’ plan to retire, the Tribune said…Continue Reading

 

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