$5M sale of Warehouse Arts District space garners attention for multiple tenants

Two parcels in the Warehouse Arts District that were sold in a $5 million deal are slated to potentially house new-to-market tenants.

Sight Real Estate in Tampa sold two parcels in the Warehouse Arts District in late May. The sale included a 42,000-square-foot warehouse and industrial space at 2430 5th Ave. S., which is adjacent to Puckett’s Store Fixtures. The sale also included an 800-square-foot property at 2462 5th Ave. S., which is home to The Chelsea St. Pete, a coffee shop.

The entrance of Puckett’s Store Fixtures, which faces the parking lot. Photo by: Veronica Brezina

Since the closing of the sale, Boca Raton-based GL South Shore and Ohio-based BL RE Ventures are receiving interest from potential users who are both local and national.

“We are excited about the prospects in the works for multiple tenants that would be complementary,” said Brent Lieberman, who heads BL RE Ventures and is a founding principal at Levelan Partners in Cleveland, Ohio.

GL South Shore is headed by Gary Lieberman, who has a 95 percent interested in the property, while BL RE Ventures has a 5 percent interest, according to the deed.

Lieberman said the interested users fit the industrial zoning use for the property. The types of businesses that can operate in the current zoning include breweries, distilleries, bakeries and other uses that the Warehouse Arts District is primarily known for.

The parcels also have ample parking, which is a huge selling point for prospects.

Commercial real estate developer and St. Pete native Jon Reno LaBudde is representing the buyers.