ST. PETERSBURG, FL (Jan. 13, 2012) – Taking an aggressive step to expand its business in Pinellas County, residential real estate brokerage powerhouse Smith & Associates will open a new office at 1100 4th Street N (middle left photo), just north of downtown St. Petersburg, with plans to house 50 real estate professionals there.
The space, which consists of 10,139 square feet within a 15,552-square-foot building, was purchased by Smith & Associates broker/owner Robert Glaser (lower right photo), through Glaser 1100 4th St. N LLC, for $625,000.
Paula Clair Smith (top right photo), CCIM, Broker Associate for Commercial Asset Partners Realty, represented the seller, 1100 4th St. LLC, while the buyer represented himself.
Smith & Associates, ranked as the third-largest residential real estate brokerage in the Tampa Bay area by the Tampa Bay Business Journal, sold 1,330 homes worth a total of $542 million in 2011.
Building on its established presence in Tampa and the Clearwater / Belleair area, the Tampa-based company will have a major presence in St. Petersburg when the new office, its fourth, opens in the first quarter of 2012.
“The popularity of the St. Petersburg urban core continues to grow, and our new office gives us the ability to help even more buyers and sellers there,” said Glaser, whose company already has a smaller walk-in office on St. Petersburg’s Beach Drive that will remain open.
“St. Petersburg’s walkability and wide range of entertainment and services is driving buyer demand - people in a wide range of ages want to live there.”
Smith & Associates has thrived despite the residential real estate downturn by providing clients up-to-the-minute information in a rapidly changing market. By leveraging technology and their own experience and knowledge, Smith’s agents have continued to sell homes while also helping buyers find the market’s best opportunities.
The company plans to rename the building the Smith & Associates Building, and plans to install custom signage and artwork in the building’s windows to draw notice to the new location.
“On a road with one of the highest traffic counts in Pinellas County, this location will immediately raise Smith & Associates’ visibility in the St. Petersburg market,” said CAP Realty’s Paula Clair Smith.
“And by purchasing the space in shell condition, the company can create an eye-catching space that’s also highly functional.”
Contact:
Noelle Anderson, APR
Principal & President
True Blue Communications
813.380.0314
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(For more information about Smith & Associates, visit http://www.smithandassociates.com).
2 comments:
This project look really big.Smith and associate real estate planes are really great projects.
One can avail all types of facility from the newly built "Smith & Associates Real Estate" office which is highly developed as compared to other places,due to its area of land that it covers per square foot.
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