Meridian Development Group announced more than 26,000 square feet (SF) in new leases at Meridian Concourse Center following the completion of an exterior enhancement program.
Meridian welcomed Sign Age (7,000 SF), American Elder Care (10,500 SF), Premier Semiconductor (5,200 SF) and Transducers Direct (4,000 SF) to Meridian Concourse Center located next to the St. Petersburg/Clearwater International Airport in Clearwater, Florida. The center is comprised of four buildings totaling 215,000 square feet.
Meridian attributes the recent leasing activity, in part, to the fresh new look the property assumed after a $200,000 exterior improvement program. The company says they've received calls from passersby who just want to compliment the new look.
"It isn't enough to have good space with good rates," said Steven Kossoff, managing Director of Meridian Development Group. "Tenants can afford to be choosy and offering them the added benefit of space that looks as good on the outside as it is functional and professional on the inside is a priority."
"Our philosophy is simple," said Kossoff. "Provide suites that are built-out and move-in ready in properties that are well-managed, maintained and located. That's why we have 90% or higher occupancy throughout Meridian's portfolio."
Meridian also welcomed EyeQ, following a new 9,200 square foot lease at Meridian Gateway Center in the Pinellas Gateway submarket. Senior directors James Moler, CCIM and Paula Buffa, CCIM, of Cushman & Wakefield are the exclusive leasing agents for Meridian Concourse Center and Meridian Gateway Center.
With a portfolio of 2,400,000 million square feet of owned and managed property, Meridian specializes in the redevelopment of underperforming assets. The developer is seeking additional acquisition opportunities in major markets throughout the eastern United States to continue expanding its portfolio.
"We believe in the potential of the Florida and specifically the Greater Tampa Bay market," said Kossoff. "We plan to invest considerably over the next four-five years in this market."