St. Petersburg, Fla. (July 6, 2017) – Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, has announced that Power Design, Inc. has signed a 13,760-square-foot lease at the Pinellas Business Center located at 11001 Roosevelt Boulevard North in St. Petersburg, FL. Power Design is a national electrical contractor that has completed over 1,000 multifamily projects throughout the United States.
Pinellas Business Center is a 202,000-square-foot office and industrial space comprised of six buildings spanning 18-acres in the Pinellas Gateway District of St. Petersburg, Florida. The Pinellas Business Center is conveniently located between the three Central Business Districts of Tampa, St. Petersburg, and Clearwater. It is strategically located less than one mile from Interstate 275, the main transportation artery connecting Tampa and St. Petersburg. The property is 17 miles from Tampa, eight miles from St. Petersburg, and 10 miles from Clearwater. Pinellas Business Center is in close proximity to area airports located just nine miles from both Tampa International Airport and only four miles from St. Petersburg/Clearwater Airport.
“The Pinellas Business Center has high quality and supremely adaptable space in an ideal location that allows us to secure and retain tenants in this market,” said Kristine B. Hurlbut, Senior Vice President of Leasing at Denholtz Associates. “Power Design has been on the forefront of the boom in multi-family development projects and needed a space to accommodate their rapidly growing business. This transaction is an example of how our ownership of highly desirable buildings such as the Pinellas Business Center allows us to execute our risk adjusted multi-tenant strategy and maintain strong occupancy rates across our portfolio.”
Mercedes Angell and Paula Buffa of Cushman & Wakefield of Florida represented Denholtz Associates and Power Design, Inc. in the transaction.
