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BUYER: iDatix Corp. (principals: Steven and Kiely Allen, Clearwater)
SELLER: Achieva Credit Union
PROPERTY: 1499 Gulf to Bay Blvd., Clearwater
PRICE: $2.8 million
PREVIOUS PRICE: $1.68 million, October 2001
LAW FIRM ON DEED: Fisher & Sauls PA, St. Petersburg
PLANS, DESCRIPTION: Clearwater-based iDatix Corp. purchased the 26,450-square-foot Achieva Credit Union building for $2.8 million. The price equated to $106 per square foot.
The office building was constructed in 1981 and occupies a 1.66-acre site.
iDatix, which provides document management and workflow software, purchased the four-story building for its new corporate headquarters. It will occupy the top two floors. Achieva Credit Union will lease a portion of the building while it transitions to another location.
Steve Allen, the founder and CEO of iDatix, says his company outgrew its old facility. The company added 15 new employees in 2011 and expects to need another 15 to 20 this year. Its lease at its existing Roosevelt Park location expires in November.
“It is time to improve our image as an international software solution provider, and when we saw the Clearwater Point location for sale, it seemed to all come together nicely,” Allen said in a statement.
iDatix hopes to have updates to the façade of the building and essential equipment completed by August.
Rick Brugge and Baharea Saffary of Cushman & Wakefield of Florida Inc. represented the seller and Ian Ross-Johnson of Engel & Völkers Clearwater downtown office represented the buyer.
“[The buyer] was really attracted by the quality of the asset,” Brugge says. “The building would typically be considered a B because of its age, but it was completely gutted and remodeled by Achieva. It is also in a great location.”
iDatix mortgaged the property to Bank of America for $1.5 million.
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