Elliott M Ross, President of Ross Realty Group, Inc. announces the sale of Waters Edge Office Centre at 2963 Gulf to Bay Boulevard, Clearwater, Florida.
The building had been underperforming since the majority owner directed changes in leasing and management in late 2016, which led to the vacancy increasing to the current 25% along with increasing deferred maintenance.
Ross procured a buyer, 2963 Gulf To Bay, LLC, with deep knowledge of the Clearwater market and who has the local knowledge to turn this underperforming property around. The sale price was $4,700,000.00
About Elliott M. Ross, CCIM
Elliott is best known for his expertise in the sales and acquisition of commercial investment properties and consistently ranking among the top commercial dealmakers in West Central Florida. Elliott was recently recognized by the Florida Gulfcoast Commercial Association of Realtors at the annual Pinnacle Awards celebration. His 2017 transaction totals placed him 2nd in Retail and 3rd in Investment sales within Regional Companies.
His 44+ years of experience in Tampa Bay and his commitment to providing best-in-class client services have resulted in numerous multimillion-dollar transactions. Elliott represents financial institutions, owners’ associations, and individual investors in all types of commercial real estate transactions.
Elliott M. Ross, CCIM, Ross Realty Group
(727) 639-3800 • Elliott@RossRealtyTampaBay.com