Sarasota firm behind $5M loan for St. Petersburg retail center purchase

By Louis Llovio
| 12:35 p.m. July 22, 2026
| 2 Free Articles Remaining!

The At Home Center on 66th Street North in St. Petersburg has sold to a South Florida investor.

Tampa Bay-Lakeland

Largo Capital, the Sarasota headquartered financial firm, arranged $5 million in acquisition financing for the purchase of a St. Petersburg shopping center.

The property is the 97,399-square-foot At Home center at 4501 66th St. N. It is anchored by tenants At Home and Five Below and shadow-anchored by Sprouts Farmers Market.

Largo did not disclose the buyer, but Pinellas County property records show it is a Doral LLC named GC Pete whose address matches that of the commercial real estate investment firm Granite Capital. Property records show the buyer paid $7.8 million for the center.

The previous owner paid $6 million for it in 2021. According to a statement from Katz & Associates, the seller is Fuqua Development.

The loan has a five-year fixed term at 5.85% that’s interest only for two years; interest then converts to a 30-year amortization.

Largo’s Patrick Madore arranged the financing.

Katz’s Daniel Solomon and Jon Cashion represented Fuqua.

author

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.