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Industrial Building Gets Alternate Use

CLEARWATER, FL-A go-kart track operator leases 40,000 square feet for indoor races.

By Carl Cronan | Updated on June 22, 2009

CLEARWATER, FL-A go-kart track operator has found a new way to use an existing industrial building: Bertrand Ollier, owner of Tampa Bay Grand Prix, will open an indoor track next month inside 40,000 square feet at 12350 Automobile Blvd., in a space previously occupied by building materials supplier Alpha Tile & Stone.

New York City-based Studley Inc. worked with Ollier to find an appropriate spot to open the indoor track, which will utilize Italian-made electrical carts in a high-ceiling, climate-controlled setting. Additional details of the lease are not being disclosed, though local brokers point out that Ollier is now able to take advantage of below-market rents.

“Given the current market, he’s now able to make better sense of the numbers,” Jon Slater, managing director of Studley’s Tampa office, tells GlobeSt.com. He adds that moving into an industrial building is better financially than seeking big-box retail space, which commands much higher rents despite its abundance.

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