Bentzel Mechanical purchases 7,920-square-foot industrial property in St. Petersburg
The transaction was brokered by Oliver de la Croix-Vaubois, who recently joined the Colliers International Tampa Bay industrial team
By: Colliers International Tampa Bay
Oliver de la Croix-Vaubois, who recently joined the Colliers International Tampa Bay industrial team as an associate, represented the buyer. Ryan Wesner of Wesner Commercial Property Services represented the seller, United Fire Holdings, LLC.
"After leasing their current space for more than 25 years, Bentzel decided that the time was right to invest in commercial real estate," said de la Croix-Vaubois. "Property values in Pinellas County are steadily increasing due to a lack of developable land, making this a strategic decision for the company as they plan for future growth."
Bentzel Mechanical was previously leasing a 4,296-square-
"With their current lease up at the end of November, it was important to close on a property as soon as possible so the company could relocate their operation," said de la Croix-Vaubois. "We were able to reach an agreement that worked for both parties and close on the property within days of their lease expiration."
The seller, United Fire Holdings, has relocated to 3247 Tech Drive.
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