Clearwater office building sells to local firm for $5.3M

Corporate Square, a 68,936-square-foot office building in Clearwater, has sold to a local real estate investment firm, European Equities Acquisition. 

Marcus & Millichap, which announced the deal and represented the seller, the Clearwater Housing Authority, says it sold for $5.3 million. 

Corporate Square is a five-story office building sitting on 3.71 acres at 28050 U.S. Highway 19 N. It was built in 1987 and has a lobby with cafe space and 258 parking spaces. 

According to Marcus & Millichap, the building was 42.9% occupied when it sold. 

The firm says Clearwater-based European Equities owns more than half a million square feet of office space in the market and has “a clear vision for the asset, with plans to invest in its future.” 

Darpan Patel, Samantha Kelley and Dan Yozwiak represented the Clearwater Housing Authority. The firm’s Jonathan Gerszberg procured the buyer.