Tallevast warehouse sells for $4.9M
MANATEE -- A southern Manatee County warehouse that is half occupied by Taylor Made Systems' Ameritex has changed hands in a $4.9 million deal to the founder of an insurance company.
Taylor Made's real estate company, JWET Realty Corp., closed on the deal Oct. 20 with Bradenton Property Investments LLC. The manager of Bradenton Property Investments, Capital Resources of Chicago, traces back to Clearwater resident Gary Boesch, a retired founder of insurance behemoth AmeriLife.
Taylor Made makes windshields and custom parts and accessories for power boats, and its Ameritex Fabric Systems makes fabric boat enclosures at the 171,100-square-foot warehouse, 1900 47th Terrace E.
Following the sale, Ameritex/Taylor Made signed a 10-year lease for its space with two five-year renewal options, according to documents filed with the Manatee County Clerk.
The real estate listing said the building is 51 percent occupied by Taylor Made and the building includes a cafeteria, exterior and interior loading docks and bays and a 5-ton bridge crane. Talyor Made bought the warehouse for $4.5 million in 1998, according to property sales records.
U of M business education center gets grant
The University of Miami said Wednesday the U.S. Department of Education has awarded it a grant of more than $1 million in support of its Center for International Business Education Research (CIBER), which has been housed at the School of Business Administration since 2010.
The Center will receive more than $250,000 each year for four years to continue carrying out innovative services and interdisciplinary endeavors to strengthen U.S. competitiveness, UM said.
The funding will be matched by the university, resulting in more than $2 million in total funding. The University of Miami is among just 17 universities nationwide, and the only institution in Florida, to receive the funding in 2014.
-- Herald staff and wire reports