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Sign in Sign up for a FREE subscriptionRetail center in Tampa MSA sells for $85m
Belleair Development, led by Carlos Yepes and Christian Yepes, has acquired Shoppes at Park Place, a 361,250-square-foot dominant super-regional shopping center on approximately 42 acres in the middle of Pinellas County.
The sales price was $85 million. JLL Capital Markets represented the seller.
Built in 2006, the 97.4 percent–occupied Shoppes at Park Place is anchored by Regal Cinemas, Academy Sports, Conn’s Home Plus, Marshalls, Michaels and Petco and junior anchored by Five Below, Famous Footwear and Dollar Tree. The property demonstrates strong anchor commitment with 100 percent anchor renewal, excluding the newly signed Academy Sports and Conn’s HomePlus. The center offers 10 outparcels, featuring Chick-Fil-A, Starbucks/Chase Bank, Panera Bread/Mattress Firm, BJ’s Brewhouse, Panda Express, Pollo Tropical, Applebee’s Bar and Grill, Wells Fargo, PNC Bank, Chipotle and Florida Blue. The site is shadow anchored by a Target with grocery. Belleair will be add
