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Mixed-Use Retail Development Slashes Prices, Sells Out

TAMPA-Colliers' Alan Feldshue tells GlobeSt.com's Jennifer LeClaire that the cost of the commercial properties were half of the original asking price.

By Jennifer LeClaire | Updated on October 03, 2011

TAMPA, FL-After brokers launched an aggressive sales and marketing campaign, commercial space at Signature Place, a mixed-use development in Downtown St. Petersburg, finally sold out. Colliers International Tampa Bay sold 56,000 square feet of commercial space within the complex to office and retail users.

Colliers brokers Alan Feldshue and Melanie Jackson brokered the deals for the seller, Gulf Atlantic Communities. The strategy was to price the space to match today’s market values while partnering with professional architects and general contractors to offer potential buyers preliminary pricing for build-out, along with a “vision” for each space.

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