St. Petersburg, Florida
Gateway Office Building
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Transaction Details
10101 9th Street North
St. Petersburg, FL 33716
88,447 Sq. Ft.
PROPERTY TYPE
Office
Investment Highlights
- Acquired vacant in opportunistic acquisition
- Central location in Gateway submarket with frontage on Gandy Blvd.
- Low cost basis allowed for repositioning of asset and competitive lease rates
- Capital repositioning plan including parking lot expansion and new lobby
- Executed long-term anchor lease for the headquarters of SalonCentric Inc. (subsidiary of L’Oreal USA)
- Leased remainder of building to L’Oreal USA
- Sold to affiliates of Feil Inc.