CBRE Announces Rare Opportunity to Purchase Two Properties from St. Petersburg College in Pinellas County Florida

St. Petersburg College has hired CBRE as the exclusive agent for the sale and redevelopment of two properties.

The first property is known as the Allstate Campus and is located on approximately 17.18 acres at 3200 34th Street South in South St. Petersburg. The site is only 1.4 miles from the Skyway Marina District, the premier new development district in St. Petersburg, and five miles from downtown St. Petersburg. The property has tremendous visibility to Interstate 275, which carries over 93,000 cars per day.

The second property is located on approximately 15.106 acres at 7200 66th Street North in Pinellas Park. The site is currently home to the Health Education Center and sits at the southwest corner of Park Boulevard and 66th Street North just west of Interstate 275. This intersection has more than 90,000 cars per day passing the site, making it one of the busiest in the Tampa Bay area.

CBRE local experts David Conn, Scott Peek, Jubeen Vaghefi, and Denny St. Romain, along with Lee Ann Korst of CBRE’s Public Institutions and Education Solutions (PIES) represent St. Petersburg College to solicit, negotiate and engage a developer. CBRE’s PIES Group provides real estate services to state, county, city, and educational institutions around the country.

“These properties offer a rare opportunity to develop large mixed-use properties in the State’s densest county,” said David Conn, an Executive Vice President with CBRE. “Developers are facing a scarcity of available land for new projects, particularly with this size of acreage, while Florida’s business friendly climate continues to attract relocations of corporations and residents alike.”

Offers for the property at 3200 34th Street South must be submitted no later than 3 p.m. EST on March 15, 2024.

Offers for the property at 7200 66th Street North must be submitted no later than 3 p.m. EST on March 18, 2024.

“The College is committed to ensuring that the sale of these two properties align with the institution’s mission to enrich and strengthen lives throughout Pinellas County and the Tampa Bay area,” said Janette Hunt, Vice President, Finance & Business Operations, St Pete College. “We invite bids from those who share the College’s vision of leveraging this property to contribute to the betterment of the community, enhance educational opportunities, promote economic growth, support sustainable development, and collaborate with community partners.”