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Bentzel Mechanical purchases 7,920-square-foot industrial property in St. Petersburg

Bentzel

The transaction was brokered by Oliver de la Croix-Vaubois, who recently joined the Colliers International Tampa Bay industrial team

Bentzel Mechanical purchases 7,920-square-foot industrial property in St. Petersburg

TAMPA, Fla. (Dec. 30, 2019) – Bentzel Mechanical, a privately held mechanical contracting company, has purchased a 7,920-square-foot industrial property at 12001 31st Court N. in St. Petersburg to house their local operation. The purchase price was $850,000.

Oliver de la Croix-Vaubois, who recently joined the Colliers International Tampa Bay industrial team as an associate, represented the buyer. Ryan Wesner of Wesner Commercial Property Services represented the seller, United Fire Holdings, LLC.

“After leasing their current space for more than 25 years, Bentzel decided that the time was right to invest in commercial real estate,” said de la Croix-Vaubois. “Property values in Pinellas County are steadily increasing due to a lack of developable land, making this a strategic decision for the company as they plan for future growth.”

Bentzel Mechanical was previously leasing a 4,296-square-foot space in Bay Tec Center, located at 2880 Scherer Drive N in St. Petersburg. The company outgrew the space and began looking to purchase property earlier this year.

“With their current lease up at the end of November, it was important to close on a property as soon as possible so the company could relocate their operation,” said de la Croix-Vaubois. “We were able to reach an agreement that worked for both parties and close on the property within days of their lease expiration.”

The seller, United Fire Holdings, has relocated to 3247 Tech Drive.

 

About Colliers International Group Inc.

Colliers International (NASDAQ: CIGI) (TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, has delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. To learn more about how we accelerate success visit corporate.colliers.com, Twitter: @Colliers or LinkedIn.

 


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Oliver de la Croix-Vaubois

Senior Associate, Industrial Services

Tampa

As an industrial real estate specialist, Oliver has extensive transaction experience representing both landlords, tenants, and providing owner occupier services. Joining the Colliers Central Florida Industrial Team in early 2019, Oliver has been integral to the teams’ successful expansion into Pinellas County and partners with Robyn Hurrell to maintain and further grow their agency leasing portfolio in excess of 5M square feet. Implementing a partnership mindset and fashioning a consultative and needs-based discussion around the strategy table, Oliver simplifies and streamlines the real estate process. Most importantly, Oliver places high esteem on long-term relationships and maximizing value for his Clients.  

Prior to joining Colliers, Oliver was a Corporate Trainer with Credico, an outsource marketing and sales organization for numerous Fortune 500 companies. While at Credico, Oliver’s primary responsibility included business development as well as corporate training for Account Executives in both their Dallas and Manhattan offices.

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