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Places This Week: Palm Harbor condos sell in $200M+ deal

Veronica Brezina



Lansbrook Village. Facebook image.

A weekly roundup of local real estate deals. 


Owner of Lansbrook Village lands $201 million deal

The 774-unit Lansbrook Village in Palm Harbor has sold in a combined $201 million deal. 

New York-based Osso Capital sold the fractured condo development to North Carolina-based asset management firm Bell Partners in a $194.25 million and a separate $6.75 million transaction. 

Lansbrook Village in Palm Harbor. All images: GoogleMaps. 

The Lansbrook Village has three pools, a volleyball court, a tennis court, a dog park and a 24-hour fitness center.

The investment follows Bell Partners announcing it was planning to deploy a new $3.2 billion fund and acquire properties in target markets, including cities in Florida. 

Bell Partners took out a roughly $17.1 million mortgage loan from Walker and Dunlop LLC for the purchase. 


China Finders sells St. Pete storefront

The owners of China Finders, a retail shop selling rare and antique glassware and dinnerware collections, have sold their storefront. 

RK RE Holdings purchased the 4,550-square-foot building at 2823 Central Ave. in a $2.183 million deal. 

2823 Central Ave. N., St. Petersburg. 

The buying entity, which is connected to local investor Rahul Gupta of RKG Holdings, took out a roughly $2.1 mortgage loan from Waterfall Bank for the purchase. 

The store is expected to close in September. The family-owned China Finders business started in the 1980s when two brothers became pickers and sold items to other retailers, according to the company’s website. The shop on Central Avenue opened in the early 2000s. 


Central Avenue property is purchased 

Sapphire Real Estate Management has sold a multi-tenant building at 4610 Central Ave. in St. Petersburg.

Mistry Plaza LLC purchased the 4,446-square-foot building in a $1 million-plus deal. The buying entity is connected to the owner of local architecture design firm Studio M H Mistry. 

The building, which was constructed in 1957, has four private offices, a breakroom and two private bathrooms. A law firm previously occupied the space, according to a Loopnet listing. 


Parcels in industrial park sell

St. Petersburg-based Malloch Properties has sold multiple parcels in an industrial park in Largo located along the Pinellas Trail. 

STABIL Concrete Products’ industrial warehouse at the site. 

Maschumeyer Companies Inc., a privately-held family-operated concrete business, purchased the properties at 4451, 4357 and 4449 8th Ave. S., where STABIL Concrete Products operates. The purchase includes additional parcels and vacant lots. 

The businesses on the site are expected to relocate, according to a Loopnet listing. 


Bluewater Studios leader buys HQ 

The owner of production company Bluewater Studios LLC has bought the firm’s Largo HQ.

The company sold its office at 14375 Myerlake Circle in a $5.3 million deal to Front Porch Pictures, which is connected to Andy Latimer, the owner of Bluewater Media. 

Bluewater Studios’ Largo office. 

Latimer was not immediately available to comment about the purchase. 

The 35,304-square-foot office was built in 1988 and is located in the ICOT Center. 

The buyer took out a $6.945 million loan for the purchase. 

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