Clearwater, FL – January 13, 2014 – Klein & Heuchan, Inc. has successfully represented the Seller, Bradley Partnership, in the sale of the former LA-Z-BOY retail building at 30990 US Highway 19, North in Palm Harbor, FL. The Buyer was Palm Harbor 30990, LLC. This 15,000 square foot retail building offers excellent visibility and access in densely populated north Pinellas County. The building will be redeveloped as the new home of Harbor Freight Tools. The sales price was $2,000,000.00. Joe Santolucito and M.F. “Bud” Lytle of Klein & Heuchan, Inc. represented the Seller in this transaction.
Steve Klein, Vice President of Klein & Heuchan, Inc., stated “this building offered the Buyer the rare opportunity to acquire a well located, large format north Pinellas County retail building. We continue to see operators acquire and renovate existing properties as a cost effective alternative to new construction. The retail market is getting stronger as the economy continues to improve. With low interest rates and readily available capital, we expect the overall commercial real estate market to remain robust”.
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.