Florida ends lease tax, Tampa businesses celebrate

A close-up of a financial statement showing monthly payment details, symbolizing the end of Florida’s commercial lease tax and the financial relief now available to Tampa businesses.

A decades-long burden on Florida’s commercial tenants and landlords ends this month, and the Tampa Bay business community is ready to raise a glass. On Sept. 30, the state’s sales tax on commercial leases will officially expire, closing the chapter on Florida’s status as the only state in the nation to impose such a levy. … Read more

$5M sale closes at Fountain Plaza in West Tampa

Avison Young arranges a $5M sale of Fountain Plaza, a West Tampa retail center on MacDill Avenue.

Retail property near downtown Sarasota sells for $7 million, creating 3.5-acre development site

A 13,000-square-foot retail building, near downtown Sarasota, has sold for $7 million to 5 Point Equity. The property, at 1427 S Tamiami Trail, which sits on 1.35 acres, includes tenants such as Integrated Dental of Florida, Playa Bowls, Curaleaf Dispensary and Verizon. The buyer owns the adjacent Baymont by Wyndham Sarasota hotel, at 1425 S … Read more

Jon Gruden to make an appearance at Hooters Owl’s Nest during Valspar Championship

Former Tampa Bay Buccaneers head coach Jon Gruden will be at the Hooters Owl’s Nest at the Valspar Championship on Thursday, March 20, from 1 to 3 p.m. Fans attending the tournament will have the opportunity to meet Gruden, while taking in views of the Copperhead Course. The Hooters Owl’s Nest, located near the 12th … Read more

AER Tampa adds wellness-focused retail tenants (PHOTOS)

AER Tampa, a 334-unit luxury rental community in Tampa’s Arts District, announced two new retail tenants – JETSET Pilates and YogaSix. JETSET Pilates, known for its 50-minute, high-intensity, low-impact full-body workouts, will open its first location on Florida’s West Coast. YogaSix, which offers a variety of yoga classes accessible to all skill levels, will also … Read more

Equus Capital Partners affiliate acquires Lakeland industrial center for $38 million

An affiliate Equus Capital Partners Ltd., a national real estate investment manager, has completed the acquisition of a two-building, 299,241 square-foot industrial center located in Lakeland, for $38 million. The property, at 900 & 920 N. Chestnut Road, is located 4.2 miles from Lakeland Linder International Airport. The buildings were built in 2021 and were … Read more

Boca Raton real estate owner and operator purchases Pinellas Business Center for $27.2 million

Basis Industrial, a privately held real estate owner and operator, based in Boca Raton, closed on the Pinellas Business Center, in St. Petersburg. With the addition of this property, Basis grows its portfolio in the Tampa Bay area to 650,000 square feet. The Pinellas Business Center is at 10901-11001 Roosevelt Boulevard and 1000 112th Circle … Read more

SVN Commercial Advisory Group closes on $8 million commercial property in Davenport

A pair of senior advisors at SVN Commercial Advisory Group closed the sale of a multi-tenant retail property for $8 million. The property, at 942 Heritage Pass, Davenport, is newly built, containing tenants who are still finishing up their interior build outs. The buyer, Davenport Legacy Investment Group, was represented by Matt Fenske and Tony … Read more