The shopping center anchored by Bealls and Save-A-Lot on Homestead Road was sold for $4.9 million. The center was built in 1982. The two anchors, Bealls and Save-A-Lot account for 45 percent of the rent in the complex.
James Medefind and Michael Jaworski, retail specialists in Tampa with Marcus and Millichap Real Estate Investment Services, marketed the sale of the 74,315-square foot property. The buyer, listed as a private investor, is based in Florida. The seller was JLM FINANCIAL INVEST 3 LLC from Texas.
“The increase in buyer activity and aggressive offers is a good indication that the retail market is beginning to recover and investors have a positive outlook for the market,” Medefind said in the release.