Bridgewater represented the seller of 4451 8th Avenue South in St. Petersburg., an industrial property of 4.13 acres which sold for $5 million in July of 2023. The property is near downtown in the Warehouse Arts District. The listing agents initially targeted the low four million range for a sale price but ultimately advised the seller to go to market undisclosed given the rarity of parcels of this size in the market that are zoned Industrial Traditional – a zoning code that allows for difficult-to-find outdoor storage. The seller was also the owner of the business operating on the property where they produced architectural precast concrete for commercial buildings throughout the Southeast. The listing agents secured the buyer directly and within 13 days of going to market had the property under contract for $700K more than they and the seller had anticipated. The buyer was Maschmeyer Concrete Company who is utilizing the property as a concrete batch plant. The transaction went from contract to close in 121 days.