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Benderson buys Naples TJ Maxx, Walmart-anchored shopping center

In the week's top commercial real estate news, a Lakeland credit union buys a Venice property, and a Chicago developer opens one apartment complex and sells another in Tampa.

  • By Louis Llovio
  • | 5:00 a.m. June 30, 2024
  • | 2 Free Articles Remaining!
Benderson Development has bought a shopping center in Naples, adding to its growing portfolio.
Benderson Development has bought a shopping center in Naples, adding to its growing portfolio.
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Naples/Fort Myers/Charlotte 

Center piece: Benderson Development has bought a Naples shopping center. The prolific east Manatee County development company and shopping center owner has picked up Carillon Place, a 250,000-square-foot open-air center on Airport-Pulling Road North and Pine Ridge Road. The company did not disclose a sales price. The acquisition continues a recent pattern of purchases. Just a few weeks back in early June, it bought a 51.52-acre site in Venice where it plans to develop a mixed-use property. It’s also recently bought the Glengary Shoppes in Sarasota and Linton Commons in Delray Beach. In all, Benderson owns1,000 properties totaling over 55 million square feet in 41 states. As for Carillon Place, the 280,632-square-foot center is 92% leased with a tenant roster that includes T.J. Maxx, DSW and Walmart.

A new plaza built for nine tenants has been leased to Sanitas Medical Center which is taking the entire space for 10 years.
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Table for one: Sanitas Medical Center has leased an entire Port Charlotte plaza. The health care company has signed 10-year lease worth $4 million to move into the newly constructed Elegance Plaza at 14560 Chancellor Blvd., just off Tamiami Trail. According to SVN Commercial Advisory Group, the commercial real estate firm that brokered the deal for owner Select Properties, the 15,000-square-foot, single story building was meant for nine tenants. Instead, Sanitas stepped in. Mick Migone, who along with Mary O’Malley, brokered the deal for SVN, says ownership is “thrilled to have a single, reliable tenant” take the whole building. Sanitas, which is part of the multinational health care group Keralty, was founded in 1980 in Colombia as an insurance company and expanded into several South and Central American countries. It moved into the U.S. in 2014 opening three medical centers serving Miami area. It now operates in New Jersey and Tennessee and has seven clinics in Florida, including one in Tampa. This will be No. 8. The clinics offer primary care, select specialty care, urgent care, laboratory and diagnostic services.

Tampa/St. Petersburg/Pasco/Polk

Temple Terrace plans to build a police station on the 5.01-acre plot it just bought for $1.6 million.
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Police beat: A 5.01-acre parcel near an Amazon fulfilment center has sold. The property is at 7911 Harney Road in the Tampa suburb of Temple Terrace. The buyer, according to the commercial real estate firm Ross Realty Group which represented the seller and announced the deal, is the city of Temple Terrace, which paid $1.6 million for it. Ross says the city plans to build a police station on this site and could eventually add a fire station at some point. The city’s police department currently operates out of City Hall. The Amazon center, which is about a half-mile west of the property, first opened in 2021.

It happens in twos 1: Illinois’ Wingspan Development Group has been busy in Tampa. The suburban Chicago development company recently opened its new complex, Niche, and then sold another complex it owns in the area, Jade at North Hyde Park. Both communities are off of Kennedy Boulevard in an area dubbed as North Hyde Park — mostly by those looking to cash in on the cache of the Hyde Park neighborhood about a mile away.

  • Niche is a six-story, 251-unit apartment community that's 75% leased. It is at 1116 W. Carmen St. just outside of downtown and near the University of Tampa. Units include studios to three-bedrooms ranging in size from 326 square feet to 1,173 square feet. Rents start at $1,335 per month.
  • As for Jade at Hyde Park. It was bought by San Francisco-based Hamilton Zanze. According to Hillsborough County property records, the real estate investment firm paid $50.81 million for the 192-unit community at 608 N. Willow Ave. The property also includes 3,200 square feet of ground floor retail. Units include studio to four bedrooms ranging in size from 463 square feet to 1,421 square feet. Rents, according to the community’s website, start at $1,825 per month for a studio and grows to $3,199 for a two bedroom. Prices aren’t listed for three- and four-bedroom units. The property was 97% leased when it was sold.

It happens in twos 2: A pair of older apartment buildings in Pinellas County beach communities have sold in separate deals. Both are near Gulf Boulevard, which runs from Clearwater Beach south to St. Pete Beach, and harken back to the days when the area’s beach towns were idyllic respites for locals and the visitors who discovered them. The first is a 21-unit concrete apartment building at 1505 Pass a Grille Way in St. Pete Beach that was built in 1973. The three-story building was bought by a Pennsylvania real estate investment firm named Ghaznavi Enterprises Inc. It paid $6.75 million. The previous owner was an individual investor. The second building is at 3017 49th St. S. in Gulfport. Property records show the one-story, 12-unit building was bought by an LLC with a Clearwater address. It was built in 1962 and sold for $1.7 million. The previous owner paid $515,000 in 2010.


MidFlorida Credit Union bought has bought a Venice property where an AT&T store now operates.
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Banking in Venice: MidFlorida Credit Union may be expanding into Venice. Sarasota County property records show the Lakeland credit union has bought a piece of property at 4100 S. Tamiami Trail, paying $3.99 million for it. General Management and Development Corp., the previous owner, paid $2.01 million for the property in 2010. The building, on the corner of Jacaranda Boulevard and U.S. Highway 41 in front of a Walmart store, is currently occupied by AT&T. A store employee says there is no word about the store closing or moving and MidFlorida did not respond to a request for comment. MidFlorida is not new to the Gulf Coast. It has 15 locations across Hillsborough and Pinellas counties (not counting its Lakeland branches) and four more farther south — with one each in Bradenton, Sarasota, Cape Coral and Naples. In its 2023 annual report, MidFlorida says it has 62 branches in 55 counties. According to the report, it ended 2023 with $6.3 billion in deposits.

If you have news, notes or tips you want to pass along, contact [email protected]. Or you can text or call 727-371-6944.



Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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