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Stock Development acquires hurricane-damaged St. Petersburg, Florida, office building

Neighboring historic Tramor Cafeteria also purchased at the same time
The eight-story office building at 490 First Ave. S in St. Petersburg sustained structural damage when a crane collapsed into its upper floors during Hurricane Milton in 2024. (CoStar)
The eight-story office building at 490 First Ave. S in St. Petersburg sustained structural damage when a crane collapsed into its upper floors during Hurricane Milton in 2024. (CoStar)
By Alex Glomb with
CoStar Research
June 26, 2026 | 1:50 P.M.

Stock Development acquired an eight-story office building at 490 First Ave. S in St. Petersburg, Florida, from Lincoln Property for $18 million.

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