The company acquires an anchored Publix shopping center, a large Carillon office bought • St Pete Catalyst
A weekly overview of local real estate offers.
Indian Rocks Mall, anchored in Publix, becomes new owner
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.
Tenants of the 93,264 square foot mall include the 46,031 square foot Publix supermarket, Goodwill, Dollar Tree and others.
“We are focused on the development of oceanfront condos and have also amassed a portfolio of shopping centers,” said Robert Kodsi, Tricon development partner.
He added that the company has no plans to redevelop the site and that this is part of its portfolio acquisition. The sale does not include outgoing packages.
The company was interested in the property because of its location and the fact that the Lakeland Grocer served as the primary tenant.
The group also took out a mortgage of 13 million dollars with the Protective Life Insurance Company.
Kodsi said the company is actively seeking additional properties in the area to acquire.
Sale of the 80,000 square foot Carillon office
The three-story office complex at 100 Carillon Drive has been sold.
SH 100 St. Pete LLC sold the 80,000 square foot office to REVA in a $ 19 million deal.
The property is a Class A office building located in Carillon Park, which is home to major employers such as Raymond James.
The Carillon building has an on-site cafe and recent renovations to common areas, elevators, HVAC chiller and mechanical systems, according to Loopnet. The property was advertised for rental opportunities at a price of $ 26 per square foot.
Virginia-based acquisition company REVA also took out a $ 15.2 million mortgage with Ameris Bank for the purchase.
Acquisition of the Magnuson Hotel in Clearwater
Horwood Hotel Works sold the 118-room Magnuson Hotel Clearwater Central in a deal for $ 6 million, or $ 53,389 per key.
The 45,514 square foot hotel was sold to Jacksonville-based US Highway Hospitality Associates LLC.
DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Magnuson Hotel, located off US Highway 19 and 7 miles from Clearwater Beach.
The group advertised the property as a redevelopment opportunity with a maximum building height of 150 feet.
The purchasing entity has a mortgage of $ 4.2 million from EMG Transfer Agent LLC for the purchase.
St. Pete’s house sells for over $ 3 million
Doug and Jennifer Dickman have sold their St. Petersburg home to 8334 37e Ave. N. as part of a $ 3.65 million deal.
The purchasing entity is LeDuong Invetsments LLC, which is related to Thanh Le.
The 4,870 square foot waterfront estate is located on 1.74 acres of land near Park Street and offers views of Treasure Island.
The home offers a pool with infinity spa, a putting green with shredding areas and a composite dock with a 1,600 pound lift and a five-car garage.
The five bedroom house was built in 1955 and underwent a renovation in 2006.
The renovation included the addition of Pella windows and doors, a flat-textured drywall finish, crown molding, hardwood floors throughout and a personalized chef’s kitchen with appliances such as a Wolf gas range and a Wolf wall oven, full-size Sub Zero freezer and refrigerator, and multiple dishwashers, as described.
The buyer took out a mortgage of approximately $ 2.37 million for the house with Valley National Bank.