Loading
BUYER: G.D.B. Holdings LLC (principals: Gerald, Bradford and Donna Lancaster), Safety Harbor
SELLER: Offices At Park Place LLC
PROPERTY: 83 and 93 Park Place Blvd., Clearwater
PRICE: $9.41 million
PREVIOUS PRICE: $2.5 million, August 2006
LAW FIRM ON DEED: Johnson Pope Bokor Ruppel & Burns LLP, Clearwater
PLANS, DESCRIPTION: Gerald, Bradford and Donna Lancaster of Safety Harbor purchased two office buildings with more than 51,022 square feet of office space for $9.41 million.
The price equated to $184 per square foot.
The 7.39-acre property features a 1-year-old, 25,852-square-foot building and an adjacent 3-year-old, 25,290-square-foot building. The purchase also included a building pad for the construction of 12,400 square feet of additional office space.
The LEED gold certified buildings are 100% leased. Tenants include Brown & Brown Insurance, the General Services Administration of the United States, and TUI Marine.
Mark Klein and Steven Klein of Klein & Heuchan Inc. represented the seller, an affiliate of Hallmark Development of Florida Inc.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
