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Millan Holdings, LLC, has purchased Bayview Plaza shopping center in St. Petersburg, FL for $7.3 million.

Millan Holdings Doubles Down South on Retail Investments

Clarksville, TN-based Millan Holdings, LLC, has purchased Bayview Plaza, a 78,781-square-foot shopping center in St. Petersburg, FL for $7.3 million. In December 2021, the company acquired Bayview Plaza II, a 16,146-square-foot retail center adjacent to Bayview Plaza.

A CBRE team of Mark Shellabarger and Ari Ravi brokered the Bayview Plaza transaction between Millan and the seller, a private investor.

“Millan’s acquisition of Bay View Plaza brings both sides of the shopping center back under one ownership,” said Shellabarger. “This will create leasing and property management synergies for Millan as they grow their commercial real estate portfolio.”

Located on 4th Street North in the Gateway area, the Winn-Dixie-anchored shopping center is 89% leased to 14 tenants including the Skyway Café, Coast Dental, Paul’s Chicago-style Pizza and a U.S Coast Guard recruiting office.


Inside The Story

CBRE's Shellabarger

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.

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