L-3 Communications Renews St. Petersburg, FL Lease
Tampa, FL (October 24, 2013)
Defense contractor L-3 Communications signed a long-term renewal of its warehouse lease of 129,800 sf at 2005 Gandy Boulevard, St. Petersburg, FL. Jim Barton, Managing Director at Studley represented L-3 in the transaction. David Kramer with Pridgen Realty represented the owner, Gateway Business Centre, Ltd.
“L-3 analyzed several relocation options in the area, but ultimately the combination of effective new market terms along with the company’s business drivers made renewal the sound decision for them,” said Barton.
Studley is the leading global commercial real estate services firm specializing in tenant representation. Founded in 1954, Studley pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. With over 60 offices worldwide, Studley offers expert advisory services, including brokerage, project management, corporate services and strategic portfolio solutions. Studley’s unique approach examines every client’s business to fully understand corporate objectives and optimize real estate assets. For more information, please visit www.studley.com and follow us on Twitter @StudleyInc and LinkedIn.