Molly Suds sells its warehouse space in the Tyrone area. An apartment building in the heart of the Historic Old Northeast has a new owner. A local CEO settles in at ONE St. Petersburg. A condo sale at Bliss sets a record. A former Tampa Bay Rays pitcher finalizes the sale of his St. Pete home.
Here’s this week’s roundup of local real estate news.
A warehouse/distribution facility in the Tyrone area sold for $2.3 million on March 29. The property was owned by 311 Holdings, a company controlled by Richard and Monica Leonard, who also own Molly Suds, a natural laundry and household products cleaning company. The buyer was Southeast Capital Holdings, a corporate promotional firm in St. Petersburg. The nearly 20,000 square foot building at 7490 30th Ave. N. has a warehouse, as well as 3,400 square feet of office space and 600 square feet of ground floor retail. A 4,070 square foot addition built in 1998 is leased to a fitness club, Burg Crossfit, which will remain as a tenant, said listing agent Jake Wollman of KW Commercial. The outside features a mural painted by Vitale Bros.
“This was a unique building. There’s not many comparable options for a 20,000 square foot building and we got what I think is top of the market pricing,” Wollman said.
Molly Suds has switched to a third-party logistics model and no longer needed the distribution facility, Wollman said.
A 16-unit apartment building at 325 15th Ave. N. has a new, local owner. Metropolitan Properties, a New York-based firm, sold the building to Casa Nina Apartments LLC on March 30 for $1.79 million, according to a deed filed in Pinellas County. Corporate records show Casa Nina is a St. Petersburg company led by Nicole Matoushek and Phillip Herlein, who manage several companies that own multifamily buildings throughout the city. The 15th Avenue building, a two-story, 8,600-square-foot structure, was built in 1925. It is 100 percent occupied, according to Loopnet.
Kathryn Marinello, newly named president and CEO of PODS Enterprises in Clearwater, has bought a condo at ONE St. Petersburg, the 41-story luxury tower at 100 1st Ave. N. She bought the 30th floor condo for $2.45 million on April 1, county records show. The three-bedroom, three-and-a-half bath condo has 2,320 square feet, according to Realtor.com. The seller, a family trust in New York, was represented by Michael Copponex with Coldwell Banker Realty-Downtown St. Pete.
Jan-Erik Hustrulid of Twin Realty in Bonita Springs represented Marinello in the deal.
Marinello has been living in Bonita Springs, where she previously was president and CEO of Hertz Global Holdings, but she’s not new to St. Petersburg. From 2006 to 2010, she was chairman and CEO of Ceridian, a human resources firm with a major presence in St. Pete.
Another downtown luxury condo sold for what Smith & Associates Real Estate said is the highest priced condo sale this year in Pinellas County. The penthouse at Bliss, at 176 4th Ave. NE, sold for $4.6 million on April 5. Christopher Pitre and Ali Bearnarth of Smith & Associates were the listing agents and said the 4,200-square-foot condo appealed to the needs of the buyer. The two-story penthouse has four bedrooms, four-and-a-half baths, a private elevator and a chef’s kitchen. See the gallery for a glimpse of the home.
Former Tampa Bay Rays pitcher Blake Snell closed on the sale of his Shore Acres home on March 26. The waterfront property at 6067 Bayou Grande Blvd. NE sold for $1,435,805, a deed filed in Pinellas County shows. That was slightly above the $1.4 million asking price. Liane Jamason at DWELL Florida Real Estate represented both Snell and the buyer. Snell put the house on the market after he signed a contract with the San Diego Padres.