The Gateway Offices

Project Snapshot

The Gateway Offices is a 55,000-square-foot office building acquired in 2024 and taken through a complete gut renovation and modernization into contemporary, amenity-rich workspace. The repositioning reached 100% lease-up in 2025, and the asset now operates as a completed, stabilized, fully-occupied building. From an underwriting standpoint, the two principal risks of a value-add program — construction/execution risk and lease-up risk — have already been retired: the capital is spent, the physical work is complete, and the building generates in-place, contractual income rather than pro forma projections.

The property sits in the Gateway / mid-Pinellas office submarket, a roughly 30-square-mile edge-city employment center spanning Pinellas Park and St. Petersburg with approximately 2,700 businesses and 60,000 employees, anchored by major Tampa Bay employers including Raymond James, HSN/QVC and Jabil. The location offers direct I-275 and US-19 access near the Howard Frankland Bridge, with St. Pete–Clearwater International Airport roughly five miles north and Tampa International about 30 minutes away. As a renovated, amenity-rich, covered-parking asset, The Gateway Offices is firmly on the favored side of the Tampa Bay market’s flight to quality, which has driven regional office vacancy to a four-year low while rewarding modernized, well-maintained buildings.