Defense contractor L-3 Communications signed a long-term renewal of its warehouse lease of 129,800 sf at 2005 Gandy Boulevard, St. Petersburg, FL. Jim Barton, Managing Director at Studley represented L-3 in the transaction. David Kramer with Pridgen Realty represented the owner, Gateway Business Centre, Ltd.

“L-3 analyzed several relocation options in the area, but ultimately the combination of effective new market terms along with the company’s business drivers made renewal the sound decision for them,” said Barton.