The latest news from the CPR Team
We are excited to announce that we have doubled our size and moved to a new office, central to the markets we serve! 🎉 Our new address is 877 Executive Center Drive West in St. Petersburg FL. We can’t wait to welcome you here! Thank you for your continued support. We look forward to serving…
Wishing everyone a happy and safe Thanksgiving! Commercial Partners Realty will be closed on November 23rd and November 24th for the Thanksgiving Holiday. Our office will reopen on November 27th. We hope your Thanksgiving will be filled with joy, laughter, and delicious food!
Commercial Partners Realty’s President/Broker, Scott Clendening, and Industrial Specialist, Jeff Clapacs, have successfully represented the tenant, Cale America Inc., in the lease of their new industrial flex space located at 13190 56th Ct N in Clearwater. The space, just over 18,000 square feet, has been leased for a term of 5 years. After months of…
Commercial Partners Realty is pleased to announce the recent sale of a 10 acre Brooksville Residential Facility. This property was home to a beautiful behavioral treatment center located at 7300 Grove Rd. Our Land & Office Specialist, Jim Engelmann, represented the seller, Westbridge Florida Properties. The buyer, Acadia Healthcare, purchased the property for $4,750,000. About…
If you are a tenant or a landlord of commercial real estate property in Florida, you may be interested to know that the state sales tax rate on commercial rent has been reduced from 5.5% (plus the local surtax) to 4.5%, effective December 1, 2023. This means that the sales tax you pay or receive…
Commercial Partners Realty is pleased to announce the recent sale of a newly constructed flex building located at 5861 Haines Road in St. Petersburg. Our Vice President of Commercial Services, Kevin Yeager, represented the seller, ITG Diet LLC. The buyer, Powell Land Investments, LLC, a limited liability company in Georgia, has purchased the property for…
Commercial Partners Realty is pleased to announce the representation for the seller in the recent sale of a fully leased functional industrial building located at 1167 34th St N. Scott Clendening, President Broker, represented the seller, Chris Craft of Central Florida, Inc. The buyer, Estate FL LLC, a limited liability company in Florida, has purchased…
Presented by: Jay Billings
Commercial Partners Realty is pleased to announce the successful lease representation of Brewed Concepts LLC, a renowned family-owned coffee business based in Panama, in their recent acquisition of a 2,660 square feet warehouse flex space in St. Pete, Florida. Jay Billings, Commercial Partners Realty’s Commercial Retail Specialist, played a pivotal role in securing the ideal…
By: Harrison Gault As a senior at Florida State University with the goal to pursue a career in commercial real estate, its’s important to understand and look at what the future in the industry could possibly look like. The future of this industry holds endless possibilities driven by technological advancements, sustainability efforts, and evolving market…
by Veronica Brezina On a pad of land off Interstate 275 and Gandy Boulevard, a construction crew has raised the concrete walls for what will be a new-to-market luxury car condo community. The complex, dubbed Motocave, will have 43 high-end spaces to store motor vehicles. The units can become “man caves,” filled with pool tables, TVs…
Market Overview The Tampa office market is the largest in the State of Florida, with more than 128 million SF of inventory. The market has experienced weakening economic conditions and reduced leasing activity since Covid-19. The pandemic forced many businesses to adopt remote work policies and flexible schedules. This has caused many companies to reevaluate…
By: Harrison Gault Embarking on an internship at a boutique Commercial Real Estate Firm such as Commercial Partners Realty has been a transformative experience that changed my understanding of this complex industry. I did not have a huge understanding of this industry before starting the internship and my perception of CRE has evolved, as there…
Market Overview Tampa’s industrial market has experienced rapid growth in the past year, nearly 6 million sf of industrial space has been constructed in Tampa, with 3.5 million currently in progress. Tampa has a prime location, with interstates connecting to Orlando and Lakeland making it easily accessible and a hotspot for manufacturers. Since Covid leasing…
The real estate market is often buzzing with activity, and one recent transaction that has caught the attention of locals in New Port Richey is the sale of the property located at 11418 Ridge Rd. Jay Billings, our Pinellas retail specialist, recently showcased his proficiency by successfully representing the buyer, MPKP Beverages LLC, in the…
By: Harrison Gault From the moment I stepped foot into Commercial Partners Realty as an intern, I knew I’d face diverse daily challenges and experiences. As a finance major at Florida State University, I had little background knowledge in commercial real estate. I didn’t entirely know what to expect. However, I quickly became immersed in…
Today marks our Property Manager’s 15th anniversary with Commercial Partners Realty! Dana Koay, you have been an essential part of our organization’s journey and success. We are eternally grateful for the dedication and passion you have shown. Thank you for being with us. Happy Work Anniversary!
We are excited to announce that our Industrial Specialist Jeff Clapacs has represented the tenant, Custom Artwork LLC., in the lease of an industrial space located at 15375 Roosevelt Blvd. Suite 301 in Clearwater. Bryan Jerome of Cornerstone Commercial represented the landlord, Regent Properties. The tenant is a rapidly growing E-Commerce business in Pinellas County…
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