Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Florida & Gulf Coast  + Central Florida  + Retail  |  October 28, 2022
Belleair Development Group has purchased of Shoppes at Park Place in Pinellas Park, FL for $85 million.
Lisa McDuffie
By: Lisa McDuffie

Belleair Development Group Drops $85M for Pinellas Park Super-Regional Retail Center

Belleair Development Group has completed its $85-million purchase of Shoppes at Park Place, a 361,250-square-foot dominant super-regional shopping center on approximately 42 acres in Pinellas Park, FL. The company will be adding more retail to the property, as well as hotel and multi-housing.

 Brad Peterson, Tom Hall, Whitaker Leonhardt and Michael Brewster of JLL represented the seller. CBRE represented the buyer, which obtained a $51-million loan to purchase the property.

The 2006-constructed is Shoppes at Park Place is 97% occupied and 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 site is shadow anchored by a Target with grocery. The center also 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.

Read More News Stories About: CBRE, JLL
Connect

Inside The Story

JLL

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
Order Reprints
  • ◦Sale/Acquisition
New call-to-action
New call-to-action