Vector Commercial Real Estate Services Facilitates $7.1M Sale of Flex Building in Lealman
St. Petersburg, FL – Vector Commercial Real Estate Services is proud to announce its role in representing the buyer in the $7.1 million acquisition of a flex building located at 4711 34th St. N in Lealman, Pinellas County. This significant sale marks another key milestone in the area’s ongoing redevelopment and economic growth.
The 55,000-square-foot building, previously owned by Hilltop Research, offers flexible space suitable for both office and light industrial tenants. The property’s sale closed on May 16, and Hilltop Research is set to lease back 31,000 square feet of the multi-tenant building.
This sale was skillfully handled by Ned Willis of Vector Commercial Real Estate Services, who represented the buyer, a private entity based in Largo. The property’s strategic adjacency to the recently opened Tesla Service Center at the same complex adds immense value, making it a prime location in the heart of Lealman.
A Growing Redevelopment Hub
The building stands in the Lealman Community Redevelopment Area, a district created in 2015 to revitalize underutilized properties and encourage community-focused development. Neighboring the newly renovated Tesla Service Center, which underwent a transformation into a state-of-the-art facility earlier this year, the flex building sale underscores increasing private investment in the area.
Christopher Moore, assistant to the county administrator for Lealman, noted the opportunity for growth that projects like these bring to the community. “Developments like this create a ripple effect. The resurgence of such properties builds pride and encourages further investment,” Moore explained.
About Vector Commercial Real Estate Services
Operating since 1985, Vector Commercial Real Estate Services remains a trusted partner in Tampa Bay’s commercial real estate market. Specializing in leasing, tenant representation, sales, and property management, Vector consistently supports its clients through strategic, value-driven services. This successful transaction in Lealman is yet another demonstration of Vector’s dedication to fostering community growth.
Read the Original Article
For more details on this property sale, check out the original article on the Tampa Bay Business Journal website here.
Contact
For inquiries about Vector Commercial Real Estate Services or to discuss commercial real estate opportunities, please contact us here.
