Branch Properties Divests from 166K-SF Shopping Center Near St. Petersburg
Atlanta-based Branch Properties has divested from South Pasadena Shopping Center, a 165,746-square-foot Walmart Neighborhood Market-anchored shopping center in South Pasadena, FL. The property is six miles west of downtown St. Petersburg.
Originally built in 1959, the center experienced substantial renovations in 2014 and is currently home to a mix of nationally recognized tenants, including CVS Pharmacy, Bealls Outlet and Ace Hardware, in addition to Walmart Neighborhood Market. Currently 100% leased, the development also features several locally owned businesses.
CBRE negotiated the transaction on behalf of Branch Properties. The undisclosed buyer was represented by Saugatuck Commercial Real Estate.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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