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BUYER: IREA LLC (principals: George, Marinos and Constantina Kolitsopoulos), Belleair Bluffs
SELLER: Wells Fargo NA
PROPERTY: 4100 S. Tamiami Trail, Venice
PRICE: $1 million
PREVIOUS PRICE $961,000, September 1995
LAW FIRM ON DEED: Smith Hulsey & Busey, Jacksonville
PLANS, DESCRIPTION: The Kolitsopoulos family of Belleair Bluffs purchased a 3,418-square-foot vacant bank branch for $1 million.
The price equated to $293 per square foot.
George Kolitsopoulos, a broker with Largo-based Advanced Realty Group Inc. and a manager of the group, says he has a tenant for the space. He declined to comment on the name of the future user, but confirmed that it is not a bank.
“It's in one of the best locations in Venice,” Kolitsopoulos says. “It's an outparcel to a Walmart in the Venice business district.”
The purchase entity IREA LLC mortgaged the property to Jefferson Bank of Florida for $750,000.
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