The expansion lease brings the Bayside area building to 83% for owner Miranda Partners II. GVA Advantis brokers Ron Berglund and Jennifer Hatchett of Advantis Real Estate Services Co./GVA negotiated for the owner. CB Richard Ellis Inc. represented the tenant.
The brokers called the lease long-term. Area brokers familiar with the Clearwater office submarket tell GlobeSt.com the contract is for at least 10 years. The average asking gross rent at the building is $20 per sf. The estimated value of the expansion lease is $2.4 million, according to area brokers.
MarineMax has contracted to buy most of the assets, including large real estate holdings, from Osage Beach, MO-based Port Arrowhead Marine Inc., as GlobeSt.com previously reported.
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