Wednesday, February 20, 2008

GVA Advantis Retained to Exclusively Lease Retail Development in Oldsmar Galleria

TAMPA, FL -GVA Advantis
is pleased to announce it has been retained by JES Properties, Inc. to exclusively lease the retail development in Oldsmar Galleria, (photo top right), a newly constructed 60,000-square foot mixed-use project in downtown Oldsmar, Pinellas County, Florida.

Situated at the corner of State Street and St. Petersburg Drive, Oldsmar Galleria is a recently constructed $10 million mixed-use project developed by JES Properties, Inc. It is located by the hotel row in Oldsmar, just a block from the new library. The first retail restaurant, The Oldsmar Tap House, just recently opened its doors to a busy, welcome reception from the public.

The first and second floors of the project consist of approximately 25,000 square feet of retail and commercial space. Retail space totaling approximately 12,000 square feet, will be exclusively leased by Jan Chaffee, (left photo) director of office and retail services for GVA Advantis. Available retail spaces range from 737 square feet to 5,170 square feet of contiguous area.

The second floor, approximately 9,500 square feet of office space, serves as the corporate office of JES Properties, Inc., the developer of the Oldsmar Galleria. Fifteen two-story town homes and five one-story residential units comprise the second, third and fourth floors of the project.

“Oldsmar is ready for this kind of growth,” remarks Chaffee. “With exciting new businesses and residents moving right into the area and creating activity in this central location, Downtown Oldsmar is going to flourish,” she adds.

“We are excited about the retail opportunity for downtown Oldsmar,” adds Dr. Douglas J. Weiland, President, CEO and founder of JES Properties, Inc. “Judging by the volume of business that the recently opened Oldsmar Tap House is realizing, this will be a thriving retail corner.”

JES Properties, Inc. is a privately owned real estate development company with expertise in residential, retail, office and mixed-use projects through the state of Florida. With a focus on both the development of master planned residential subdivisions and the development of commercial and mixed use projects, the company is managing projects exceeding three million square feet of office and retail space and more than 4,500 residential units. For more information about JES Properties, visit www.jesproperties.com.

GVA Worldwide is an international organization of real estate industry leaders serving key markets in 20 countries. The organization comprises more than 3,500 real estate professionals in 90 markets worldwide. In 2006, GVA Worldwide partners collectively completed $26.5 billion in transactions and managed more than 150 million square feet of office, industrial, retail and specialized property.

MEDIA CONTACT:
Lisa Hyde
Director of Marketing
Advantis Real Estate Services Company
3000 Bayport Drive, Suite 100
Tampa, Florida 33607
Tel 813.342.4752
Fax 813.342.4004
E-mail Lhyde@gvaadvantis.com
http://www.gvaadvantis.com/

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