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Risk Redux
Thursday, March 05, 2009 6:00:00 AM
Steven Kossoff’s $30 million gamble on turning an abandoned Winn-Dixie warehouse in Sarasota into a thriving distribution center took 18 months and lots of aspirin to pay off — and that was mostly during a good economy. But despite the recession chomping away at the commercial real estate industry on the Gulf Coast, Kossoff isn’t done yet with the risks. He’s now undertaking the next phase of that project, a 144,000-square-foot office park to be built in front of that 950,000-square-foot warehouse complex, known as the Meridian Distribution Center. ... [read more]
Meridian Wants to Buy More Space
Friday, August 15, 2008 8:00:00 AM
CLEARWATER, FL-Locally based Meridian Development Group says it is moving forward with what it terms as an “aggressive acquisitions initiative” aimed at nearly quadrupling its current inventory. The current economic downturn is the driving force behind the initiative, which has a goal of expanding the group’s portfolio by five million sf. ... [read more]
It Takes an Outsider
Friday, January 25, 2008 8:00:00 AM
Sarasota - Who could really blame Carl Wise and other Sarasota-based commercial realtors for being skeptical? On paper, Meridian Development Group’s desire to acquire a 948,000-square-foot former Winn-Dixie distribution warehouse seemed ludicrous. It was destined to be the biggest white elephant in the county, likely to sit empty for years to come. ... [read more]
Investment in warehouse pays off
Monday, August 20, 2007 8:00:00 AM
SARASOTA -- Meridian Development Group's purchase of an abandoned Winn-Dixie distribution center just off Clark Road had even some of the more optimistic real estate observers gaping after the sale went through in early 2006. At 950,000 square feet, the building's size eclipsed other area warehouses like a giant among dwarfs. ... [read more]
Durham warehouse sold for $6.4 million
Monday, June 11, 2007 2:28:00 AM
A 186,000-square-foot warehouse in Durham's Imperial Business Center has been sold for $6.4 million. Tampa's Meridian Development Group and New York-based Hudson Realty Capital purchased the building at 4400 Emperor Blvd in Durham. They formed a limited-liability corporation, Meridian-HRCF Emperor LLC, to complete the transaction. ... [read more]