BUYER: CJL Linebaugh Co. LLC, Tampa
SELLER: Belleair Leasing LLC
PROPERTY: 6402 W. Linebaugh Ave., Tampa
PRICE: $1.85 million
PREVIOUS PRICE: $2 million, December 2010
LAW FIRM ON DEED: Hill Ward & Henderson PA, Tampa
PLANS, DESCRIPTION: Tampa-based Casual Elegance Enterprises, which operates as Connie Duglin Specialty Linen & Chair Cover Rental, purchased a 76,785-square-foot flex building at the corner of Henderson Road and Linebaugh Avenue for $1.85 million.
The price equated to $24 per square foot.
Casual Elegance Enterprises will be extensively renovating the building and installing new machines over the next six to nine months with the goal of relocating the company to it by July 2013. The company has been leasing a 25,864-square-foot building at 425 Roberts Road, Oldsmar for the past eight years.
“Our growth has really been stunted by the facility, which is really why we bought this building,” says Evan Duglin, vice president of finance for Casual Elegance Enterprises. “This will be doubling or tripling our space. Our business has just really been growing. We have about 100 employees now and we expect to be at 300 in the next two years.”
The centralized location of the Linebaugh building was a large part of the company's interest in it, Duglin says. The firm runs delivery trucks throughout Florida.
Casual Elegance Enterprises manufacturers and rents party linens, including tablecloths, overlays, runners, chair covers, chair ties, napkins, and table skirts.