Tampa medical building tied to philanthropist, investor Patel sold

Fort Myers

Prominent area broker sells team and moves 

A prominent Southwest Florida commercial real estate broker is on the move. Gary Tasman has left Cushman & Wakefield and is now with NAI Burns Scalo. According to a spokesperson for Pittsburgh-based NAI, Tasman sold his Commercial Property Southwest Florida team for an undisclosed amount and is now a broker with its new owner. NAI, in a statement, says Tasman “will remain actively involved with the firm while continuing to focus more heavily on strengthening client relationships and helping the team grow and win more business in the region.” A bio on Cushman & Wakefield’s website says Tasman founded Commercial Property in 2009 and has closed more than 1,000 transactions totaling more than $2.7 billion in sales and lease volume. The acquisition of Commercial Property was led by Brian Walker, president of NAI and it has begun the transition from the Cushman & Wakefield Alliance to the NAI Burns Scalo brand. NAI first moved into the state last year with an office in Tampa. With the purchase, the spokesperson says the firm now has 43 employees in Florida — 10 in Tampa and 33 in Fort Myers, including eight brokers.

Clearwater

Former hotel site sells for $2 million

A waterfront lot that was once the site of a Clearwater Beach hotel has sold and will eventually be redeveloped. The property is a 0.49-acre parcel at 403 E. Shore Drive, right off Causeway Boulevard facing Mandalay Channel and looking east toward Island Estates and downtown Clearwater. It is a few blocks from the actual beach and next door to the 91-room CW Resort, which is currently under construction. The property sold for $2.15 million after being listed last year for $2.99 million and, at an earlier time, $5.2 million. The buyer is a Clearwater LLC named Blackwater Ventures that, according Eshenbaugh Land Co. and Ross Realty Group, “acquired the property as an opportunistic land play, intending to hold the site for future development.” The commercial real estate firms co-brokered the deal. Pinellas County property records show the previous owner is Beach Enterprises of Clearwater Inc., which paid $112.300 for it in 1994. According to Chase Collier with Eshenbaugh, the property was most recently known as the Dockside Resort Apartments and was a beach motel before that. Eshenbaugh Land’s Collier and Ross Realty’s Elliott M. Ross represented Beach Enterprises of Clearwater.

Tampa

Restoration company acquires medical office building

A 4,336-square-foot medical office building in Tampa has sold. The property — 7108 N. Nebraska Ave. — was purchased by AAA Restoration and Builders, which paid $850,000. The previous owner is Sunstate Managed Care Services. AAA will move into the space, which was previously occupied by the Claremedica. The building is just north of Sligh Avenue and in the city’s Old Seminole Heights neighborhood. The Ross Realty Group, which represented the seller in the deal, points out that the medical building comes with a bit of local lore. It was the first office and practice built by local investors, philanthropists and healthcare entrepreneurs Drs. Kiran and Palavi Patel. The couple moved into it in 1985 and Hillsborough County property records showed they paid $33,000 for the property in 1984. They went on to found WellCare of Florida, one of the largest HMOs in the country, until it sold in 2002 for $200 million. Ross’s Elliott M. Ross represented the seller in the sale. Angela Fullwood with Ravenel Realty Group represented the buyer.

Industrial park gets new leasing agent

Courtesy image

Cushman & Wakefield has been picked to handle the leasing of a major Tampa industrial development. The assignment is for the Link Logistics-owned Tampa Distribution Center, a six-building property at 1212 N. 50th St. on the city’s east side, between the Selmon Expressway and Interstate 4. The buildings in the 955,000-square-foot center range in size from 75,000 square feet to 245,000 square feet and were built in the mid-1970s. Cushman & Wakefield says that about 208,750 square feet of that space is either currently available or will soon be. Those spaces range from 3,750 square feet to 80,000 square feet. Link Logistics bought the Tampa Distribution Center in 2019 for $69.25 million. Cushman & Wakefield’s Lisa Ross, Trey Carswell, Sam Korolos and Melissa Watterworth will handle the leasing at the center.

Venice

Detroit investor buys Venice grocery property

Image courtesy of SRS Capital Markets

A Sprouts Farmers Market anchored retail property in Venice has sold to a Detroit investor. The single-tenant parcel is at 1120 Jacaranda Blvd., just south of Interstate 75. According to SRS Capital Markets, which represented the seller and announced the deal, it sold for $14.8 million. The deal, the firm says, was part of a 1031 Exchange. It was previously owned by Ohio developer Casto. The Sprouts opened last year and has 19 years left on a corporate backed lease with four five-year renewal options. It sits on 2.2 acres and is part of a retail property with five outparcels populated by tenants that include Tommy’s Express Car Wash and Heartland Dental. Patrick Nutt and William Wamble, in SRS’s Tampa office, represented the seller.

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