i3 Investors Picks up Clearwater Warehouses

Cushman & Wakefield arranged the sale of Meridian Concourse Center, a property comprised of three light industrial buildings located at 4400, 4600, and 4800 140th Ave. N in Clearwater. The final sale price was $19 million. 

Cushman & Wakefield’s Rick Brugge, Mike Davis, Rick Colon and Chloe Strada represented seller Albany Road RE Partners in the transaction. Jason Hochman and Ron Granite of Cushman & Wakefield also secured $12 million in acquisition financing through Grant Street Funding on behalf of the buyer, i3 Investors. 

Meridian Concourse Center totals 150,975 square feet and was 98% leased at the time of sale to a diverse group of tenants. Its three buildings offer visibility to the highly trafficked Roosevelt Boulevard and 49th St. N along with exceptional signage opportunities and dock-high and grade-level loading configurations. The property is also situated in the Gateway/Mid-Pinellas area, one of Tampa Bay’s most desirable submarkets.

Michael Brennan will receive Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!