Clearwater, FL – September 11, 2014 – Klein & Heuchan, Inc. has successfully represented the Buyer, Crown Land Holdings, LLC in the purchase of the former Bay Park office complex at 18860 US Highway 19 in Clearwater, FL. The Seller was Bay Park Executive Center, LLC. The former office park and surrounding properties contains over seven (7) acres of land with over 60,000 square feet of office space. The Buyer will demolish the existing improvements and expand the neighboring Audi automobile dealership. The sale price was $3,250,000.00. Mark Klein of Klein & Heuchan, Inc. represented the Buyer in this transaction.
Steven Klein, Vice President of Klein & Heuchan, Inc., stated “Clearwater and most of Pinellas County can present outstanding redevelopment opportunities for sophisticated buyers. As US Highway 19 gets closer to completion, this large site offered an excellent opportunity for Crown Audi to expand its current footprint to better serve their customers. We were able to help the Buyer assemble a number of properties and we worked with the Buyer’s legal team to complete the rezoning and entitlement of the site. Our firm has handled the acquisition and disposition of a number of automotive dealer locations. Our knowledge of the industry and the adaptive reuse opportunities available in the market enables us to bring complicated transactions to completion”.
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.