Franklin Street Brokers $5M Sale of St. Petersburg Shopping Center
Franklin Street has arranged the $5.1 million sale of Central Plaza, a 19,016-square-foot shopping center in St. Petersburg.
Located at 3270 Central Ave., the center is currently fully occupied by a tenant roster featuring an average tenure of 22 years. Tenants include Rent-A-Center, Amscot and Rainbow Clothing. Additional property features include multiple points of access, ample parking and a new roof.
Franklin Street’s Retail Investment Sales Team of Anthony Suarez and Ryan Derriman represented the seller, a California-based private investor, in the sale. The buyer is a local investor who owns several other multi-tenant properties throughout Florida.
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.