ST. PETERSBURG, Fla. (August 16, 2017) – Colliers International Tampa Bay has handled
the sale of a 15,078-square-foot retail center on St. Petersburg’s Fourth Street North for $7.2
million. The buyer is Nicklaus of Florida, Inc., a St. Petersburg-based private real estate
investment group that owned the well-known Sirata Beach Resort on St. Pete Beach until earlier
Mike Milano, CCIM, MAI, Managing Director of Retail Investment Services, Amy Barrett, CCIM,
Senior Associate of Retail and Land Services, and Sean Glickman, CCIM, Managing Director of
Retail Investment Services, with Colliers International Tampa Bay, represented the seller,
Mainstream Partners VI, LLC.
Melissa J. Rutland, CCIM, with Rutland Florida Gulf Group, LLC in St. Petersburg, represented
The retail center, built in 2008, is 100 percent occupied by necessity-based retail tenants that
are not threatened by the growth of online shopping. Tenants include two successful restaurant
chains, Metro Diner and Uncle Maddio’s Pizza, as well as FedEx, South Beach Tanning, TMobile,
and Hand & Stone Spa.
Situated at the intersection of Fourth Street North and 54th Avenue North, the retail center is
centrally located within one of the most popular retail corridors in the Tampa Bay area, and sees
upwards of 41,000 cars per day.
The property also adjoins a newly built gated townhome community, and there are several
major grocery stores less than a mile away.
“Mainstream Station’s prominent location and strong tenant mix helped us secure a fair sales
price for this property,” said Colliers’ Milano. “Top-of-line retail properties are in high demand in
the Tampa Bay market, so this property will be a valuable investment for the buyer, who is
looking to build a diverse portfolio of top quality assets in this area.”
Mainstream Station is located at 5226-5250 Fourth Street N.ABOUT COLLIERS INTERNATIONAL
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry-leading global real estate
services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture
and significant employee ownership, Colliers professionals provide a full range of services to real estate
occupiers, owners and investors worldwide. Services include strategic advice and execution for property
sales, leasing and finance; global corporate solutions; property, facility and project management;
workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that
help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing
firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than
any other real estate services firm.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn.