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BUYER: LTJ Group Holdings LLC (principal: Joseph Tortoretti) University Park
SELLER: Laurel Street Commerce Center LLC
PROPERTY: 5402 Laurel Road, Tampa
PRICE: $1.54 million
PREVIOUS PRICE: $4.5 million, June 2006
TITLE FIRM ON DEED: Tampa Title Co., Tampa
PLANS, DESCRIPTION: Two Tampa technology-focused businesses purchased 56,000 square feet of commercial condo space in the Laurel Street Commerce Center, plus two acres, for $1.54 million. The condominium space was a building shell.
The buyers, New Horizons Computer Learning Centers and Qoncert, plan to occupy 20,000 square feet of space in the building. The firms will consider selling or leasing the rest of the space.
Gregory Morgan of Morgan Realty Advisors handled the transaction.
“The economics there are awesome,” Morgan says. “It's on Highway 60, which caries 147,000 cars a day. It's near the airport and an interchange right in the heart of Westshore. ”
Qoncert, pronounced concert, is an IT firm. New Horizons Tampa teaches technology classes in Brandon, Clearwater, St. Petersburg, Bradenton, Sarasota, Fort Myers and Naples.
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