Shopping center near Pinellas County beaches sells for $13 million

Belleair Bazaar, a retail center near Indian Rocks Beach, has sold to an Alabama real estate investment firm. 

The center at 2901 West Bay Drive sold for $13 million, according to Pinellas County records. 

The buyer is Shannon Waltchack, a Birmingham investor. The firm bought the center through one of its funds, SW Neighborhood Centers II. 

The property was previously owned by Tampa-based Cardinal Point Management which, according to county records, paid $7.75 million for it in 2018. 

The 2.66-acre Belleair Bazaar has 29,603 square feet of retail space and 9,271 square feet of second-story office space. 

The retail space, which is 96% leased, has a tenant mix that includes Bonefish Grill, Cold Stone Creamery, State Farm and Maggie Mae’s on the Bluffs. 

The property is just off the Belleair Causeway that connects the mainland to the county’s gulf beaches. 

JLL’s Jorge Portela, Danny Finkle and Kim Flores represented Cardinal.