Saturday, August 29, 2009

CB Richard Ellis Arranges $10.5M Sale of Tyrone Corners Shopping Center in St. Petersburg, FL


ST. PETERSBURG, FL– CB Richard Ellis, the world's leading commercial real estate services provider, is pleased to have arranged the sale of the Tyrone Corners Shopping Center (top left photo) located at 2500 66th Street North in St. Petersburg, Fla.

The property was acquired by a California-based private investment group, Makabe & Makabe, LLC, for $10,500,000, or $130 per sq. ft.



Richard Tarquinio, (bottom left photo) senior vice president, with the Investment Properties Group located in Boca Raton, Fla., Christina Monacelli, associate, with the Investment Properties Group located in Boca Raton, Fla. and Mark Shellabarger,(bottom right photo) senior vice president, with the Private Client Group in Tampa, Fla., exclusively represented the seller in the transaction.


Anchored by JoAnn Fabrics, HomeGoods, Panera Bread, AT&T Wireless, Keva Juice, and Chick-Fil-A, the 80,703-sq.-ft. shopping center is located directly across the street from Tyrone Square Mall in St. Petersburg, Fla.

"Tyrone Corners is a Class A retail center in the epicenter of the Tyrone shopping area. The buyer was attracted to Tyrone Corner's premier location and excellent mix of national tenants," said Tarquinio.

Contact: Rachel Andreozzi, 954.745.7464, rachel.andreozzi@cbre.com

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