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1901 Ulmerton Highway. All picture courtesy of CBRE -
1901 Ulmerton Highway -
1901 Ulmerton Highway
Convergent Capital Companions has tapped CBRE as unique leasing agent answerable for a 160,000-square-foot workplace constructing in Clearwater, Fla. The corporate just lately acquired the Class A asset from Mercury Insurance coverage Co., for $19.6 million, in response to Pinellas County public information. The property final traded in 2005 for twenty-four.9 million, CommercialEdge knowledge reveals.
The brand new proprietor plans to improve the property and to reposition it, altering it into some of the enticing places for workplace customers within the Tampa Bay space, added Convergent Capital Companions’ CEO, Santosh Govindaraju, in ready statements.
Positioned at 1901 Ulmerton Highway, the eight-story constructing consists of three passenger elevators, 820 coated parking spots, an on-site cafe and a health heart. Enchancment plans embody an upgraded foyer, a convention room, a renovated health heart and different common-area renovations.
Located on a 7-acre lot, the asset is near Interstate 275 and to St. Pete-Clearwater Worldwide Airport, 10 miles from downtown St. Petersburg, 12 miles from downtown Clearwater, Fla., and inside 14 miles of downtown Tampa.
Workplace repositioning technique in Tampa Bay space
CBRE’s crew of Senior Vice President Ok.C. Tenukas, Vice President Kristin Kenney and Affiliate Nick Baldwin are answerable for the 100,000 sq. toes of house obtainable for lease, with sizes between 1,200 and 60,000 sq. toes. With important capital enhancements refreshing the asset, the possession plans to draw corporations working within the health-care, regulation, engineering and monetary providers fields, in search of relocation or a brand new workplace, famous CBRE’s Tenukas in ready remarks.
In December 2022, Tampa Electrical and Peoples Gasoline introduced plans to maneuver at Midtown East, a 1.8 million-square-foot mixed-use growth in Tampa’s Westshore submarket. The businesses will occupy 298,000 sq. toes of workplace house throughout 11 flooring, whereas the builders, The Bromley Cos. and Highwoods Properties Inc., will personal flooring 10 by means of 15.
