Orion Sells Restaurant-Anchored Property in St. Petersburg, Fla., by Christopher Sanz, JD, LLM

Posted on July 14, 2021

Orion Real Estate Group today announced it sold a 23,138-square foot fully leased commercial building in St. Petersburg, Fla., for $5.3 million. The buyer was an undisclosed private investor.

The property, located at 1900-1908 4th Street North, borders the 54-acre Crescent Lake Park in Downtown St. Pete and sits across the street from local attractions that include Sunken Garden and the Great Exploration’s Children’s museum. After purchasing the property for $3 million in 2016, Orion negotiated long-term leases with anchor tenants Outback Steakhouse and Panera Bread.

With offices in Miami, Orlando, New York City and Geneva, the team at Orion works with investors, developers, property owners and brokers through all phases of real estate transactions, from strategic planning and analysis to financing, negotiation, property management and disposition. For more information, call (305) 278-8400 or email info@orionmiami.com.