Fort Lauderdale's PTM Partners, led by Michael Tillman, Nicholas Pantuliano, and Shari Neissani, has acquired the development site located at 1100 Central Avenue in St. Petersburg. The property was purchased from sellers Ben Mandell of Tricera Capital and Jonathan Daou of Eastman Equity for a total of $14,750,000. The aim of the acquisition is to expand EDGE Collective by adding residential, retail, and parking space to the site. This development will enhance the vibrant atmosphere of the area and establish a connection with the Historic Gas Plant District.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $14,750,000
• Buyer: Michael Tillman, Nicholas Pantuliano, and Shari Neissani - PTM Partners
• Seller: Ben Mandell - Tricera Capital; Jonathan Daou - Eastman Equity
• Market: St. Petersburg
• Address: 1100 Central Avenue

PTM Partners, a Fort Lauderdale-based real estate firm, led by Michael Tillman, Nicholas Pantuliano, and Shari Neissani, seized the opportunity to acquire the development site at 1100 Central Avenue, St. Petersburg. The sellers, Ben Mandell from Tricera Capital and Jonathan Daou from Eastman Equity, facilitated the deal. This transaction will allow PTM Partners to expand EDGE Collective, adding residential, retail, and parking space to the property. The development aims to enhance the area's vibrant atmosphere and establish a connection to the Historic Gas Plant District.