Places This Week: Church sells, Dynasty expands

A weekly roundup of local real estate deals.

Pinellas Park church sells 

Another church organization has scooped up the 17,000-plus-square-foot Good Samaritan Church property in Pinellas Park. 

Good Samaritan Church Inc. of Pinellas Park Florida sold the property at 6085 Blvd. to the King of Peace Metropolitan Community Church Inc. in a $2.39 million deal. 

The property line of the church. Image: Foundry Commercial.

The 1.73-acre church lot and former school includes a 180-seat sanctuary, two assembly spaces with attached kitchens, more than five classrooms, an administrative area with dedicated pastor’s office, a bell tower, a fenced playground area and on-site paved parking, according to a listing from Foundry Commercial. 

The site was listed for $2.49 million. 

The previous school held over 50 students. The property also features a 1,600-square-foot building used as a food pantry. 

The zoning allows the site to be utilized for offices, clubs/lodges, day care centers, educational purposes, places of worship and hospitals. 

Dynasty leases additional space 

St. Petersburg-based Dynasty Financial Partners is now leasing two floors downtown inside 200 Central. 

Dynasty, which leases the 15th floor, recently inked a lease for the 18th floor.

The Dynasty team outside of 200 Central. Photo provided.

The wealth management firm moved its headquarters from New York City to St. Pete in 2019. 

Dynasty previously pursued acquiring a city-owned site at 910 2nd Ave. South, which is currently used as parking for the Tampa Bay Rays, to develop workforce housing, an innovation lab and Class A office space. However, the city did not accept the company’s acquisition offer. 

Entrepreneur takes over Walgreens in Treasure Island 

The 12,206-square-foot Walgreens retail and pharmacy in Treasure Island has sold. 

Walgreens sold the store at 10551 Gulf Blvd. in a roughly $4.476 million deal to Treasure Island WG LLC. 

Walgreens at 10551 Gulf Blvd., Treasure Island. GoogleMaps.

The building is directly across from the Bilmar Beach Resort. 

The buying entity is connected to Brad and Anne Pawsat-Dressler. 

Anne is the president and founder of luxury rental homes company Hawaii Hideaways Inc. She also previously launched a skincare company. 

Walgreens has a 15-year lease term for the site, according to a Loopnet listing. 

D.R. Horton to build homes in Tarpon Springs 

St. Petersburg-based HP Capital, the same development group behind Reflection, a luxury 18-story condominium tower underway at Mirror Lake, recently purchased multiple parcels in Tarpon Springs that will be converted into single-family homes. 

“We are doing all of the site-work and will sell the finished pads to D.R. Horton who will build townhomes on the site,” HP Capital Vice President of Operations Chris Hemmer said in an emailed statement. 

HP Capital purchased over 20 lots from the Tarpon Land Trust LLC in a $1.4 million transaction. The sale included lots 11 through 20 and additional lots around Lake Butler Heights.

“We always have a purchase contract signed with DRH before we take down any land. We are aiming for 36 lots; however, we are still going through the approval process so that number is not official yet,” Hemmer said. 

St. Pete office sells 

An office building home to the J. Emory Wood law practice has sold. 

Tab of Pinellas Inc. sold the office at 1034 16th St. N. in a roughly $1.71 million deal to Quyen Commercial Properties LLC, which is connected to local pulmonologist Dr. Michael Newman.   

The 5,648-square-foot building was constructed in 1986 and was renovated in 2008. 

The property includes 17 surface parking spaces.