TAMPA, FL - Defense contractor L-3 Communications signed a long-term renewal of its warehouse lease of 129,800 square feet at 2005 Gandy Boulevard, St. Petersburg, FL. Jim Barton, Managing Director at Studley, the leading global commercial real estate services firm, 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. Today, with 60 offices worldwide, Studley provides strategic real estate solutions to top-tier corporations, not-for-profit organizations and law firms. For more information, please visit www.studley.com.