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Places This Week: Firm acquires Publix-anchored shopping center, large Carillon office purchased
A weekly roundup of local real estate deals.
Publix-anchored Indian Rocks Shopping Center is under new ownership
Tampa-based Forge Capital Partners sold the Publix-anchored plaza at 12018 Indian Rocks Road in Largo to Central Florida-based Tricon Development in a $19.5 million deal.
The 93,264-square-foot shopping center’s tenants include the 46,031-square-foot Publix supermarket, Goodwill, Dollar Tree and others.
The Publix supermarket in the plaza. GoogleMaps.
“We focus on developing oceanfront condos and have also accumulated a portfolio of shopping centers,” Tricon Development Partner Robert Kodsi said.
He added how the firm doesn’t plan to redevelop the site and that’s it’s part of its portfolio acquisition. The sale doesn’t include the out parcels.
The firm was interested in the property due to the location – and that the Lakeland-based grocer is serving as the anchor tenant.
Kodsi said the firm is actively seeking additional properties in the area to acquire.
80,000-square-foot Carillon office sells
The three-story office complex at 100 Carillon Parkway has been sold.
The entity SH 100 St. Pete LLC sold the 80,000-square-foot office to REVA in a $19 million deal.
The Carillon Class A office building. GoogleMaps.
The property is a Class A office building located in Carillon Park, which is home to large employers such as Raymond James.
The Carillon building has an on-site cafe and recently completed renovations to the common areas, elevators, HVAC chiller and mechanical systems, according to Loopnet. The property was being advertised for leasing opportunities at the price of $26 per square foot.
The Virginia-based acquisition firm REVA also took out a $15.2 million mortgage from Ameris Bank for the purchase.
Axio at Carillon apartment complex sells in $90.8 million deal
California-based development group A.G. Spanos Companies has sold a key piece of property that’s part of the first phase of the mixed-use Echelon City Center development.
A rendering of the Axio at Carillon. Axioliving.com.
A.G. Spanos sold the 312,936-square-foot Axio at Carillon apartment complex in a $90.85 million deal to the New York-based Sentinel Real Estate Corporation, which owns multiple multifamily developments.
The five-story, 298-unit luxury apartment complex, which was previously known as the Grove Isle at Echelon City Center, opened this year.
Read more about the sale here.
The Magnuson Hotel in Clearwater is acquired
Horwood Hotel Works has sold the 118-room Magnuson Hotel Clearwater Central in a $6 million deal, or $53,389 per key.
The 45,514-square-foot hotel was sold to the Jacksonville-based U.S. Highway Hospitality Associates LLC entity.
Magnuson Hotel Clearwater Central. Loopnet.
DSH Hotel Advisors was retained as the exclusive broker to market for sale the Magnuson Hotel, which is located off of U.S. Highway 19 and is seven miles from Clearwater Beach.
The group advertised the property as a redevelopment opportunity with a maximum building height of up to 150 feet.
The buying entity took out a $4.2 million mortgage from EMG Transfer Agent LLC for the purchase.
St. Pete home sells for over $3 million
Doug and Jennifer Dickman have sold their St. Petersburg home at 8334 37th Ave. N. in a $3.65 million deal.
The buying entity is LeDuong Invetsments LLC, which is tied to Thanh Le.
The 4,870-square-foot waterfront estate is located on a 1.74-acre lot near Park Street and has views of Treasure Island.
The home at 8334 37th Ave. N., St. Petersburg. Realtor.com.
The home offers a pool with spill-over spa, a putting green with chipping areas and a composite dock with a 1,600-pound lift and a five-car garage.
The outdoor entertainment space. Realtor.com.
The five-bedroom home was built in 1955 and underwent a renovation in 2006.
The outdoor bar. Realtor.com.
The renovation included adding Pella windows and doors, flat texture drywall finish, crown moldings, hardwood flooring throughout and a chef’s custom kitchen with appliances such as a gas Wolf stove and Wolf built-in oven, a full-size Sub Zero freezer and refrigerator and multiple dishwashers, according to the description.
The buyer took out a roughly $2.37 million mortgage for the home from Valley National Bank.
