Clearwater, FL – August 14, 2013 – Klein & Heuchan, Inc. has successfully represented the Seller, Lokey Oldsmobile, Inc. in the sale of a portion of 2339 Gulf to Bay Boulevard in Clearwater, FL. The Buyer was Largo Medical Center, Inc. The subject property comprises the western portion of the former Lokey Oldsmobile dealership which was originally 4.23 acres. Klein & Heuchan, Inc. had previously sold the eastern half of the property. The purchase price was $1,500,000.00. Mark Klein of Klein & Heuchan, Inc. represented the Seller in this transaction.
Seven Klein, Vice President of Klein & Heuchan, Inc., stated “we have previously helped transform former auto dealerships into medical facilities. Our sale of a previous Saturn automotive facility in Tampa, FL was discussed in a New York Times Article Health Centers Find Opportunity in Brownfields and we are seeing the same transformation take place on this Gulf to Bay Boulevard site. Our expertise in helping our clients reposition their commercial real estate assets continues to allow them to reap the benefits of disposition in today’s market. Within the dense urban environments particularly those with the good demographics that retailers look for we expect to see more of these adaptive reuse projects come to life”.
KLEIN & HEUCHAN, INC.
Klein & Heuchan, Inc. is an independently owned, full service commercial real estate firm covering west central Florida. The firm handles commercial brokerage, property management, and development services. Our company has built its practice on integrity, service and ethics. For more information and to see a selection of our recently completed transactions, please go to www.kleinandheuchan.com and click on News & Events.