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.