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Two Tampa Bay shopping plazas sold for $20 million

Two Tampa Bay retail plazas, North Bay Commerce Center on Hillsborough Avenue in Tampa and Weathersfield Commons in Dunedin, have new and separate owners. National retail real estate company, the Shopping Center Group sold the properties for nearly $20 million in June. [Company handout]

Two Tampa Bay retail plazas, North Bay Commerce Center on Hillsborough Avenue in Tampa and Weathersfield Commons in Dunedin, have new and separate owners. National retail real estate company, the Shopping Center Group sold the properties for nearly $20 million in June. [Company handout]

TAMPA — National real estate firm, the Shopping Center Group, sold two shopping plazas in the Tampa Bay region for a combined nearly $20 million earlier this summer.

A subsidiary of the South Florida-based Global Fund Investments purchased the North Bay Commerce Center on Hillsborough Avenue and Race Track Road in Tampa, for $13.5 million in June. The 17.6-acre lot is anchored by a Publix Supermarket and also includes a Youfit Health Club, Pizza Hut, Cracker Barrel and Leslie's Pool Supplies.

An entity of the Miami-based Jewell Capital acquired Weathersfield Commons at 1757 Main St. in Dunedin, for $5.8 million. The shopping center is anchored by a 34,000-square foot LA Fitness, which is scheduled to open January 2018.

The Shopping Center Group is a national real estate brokerage firm with offices in Tampa Bay.

Contact Tierra Smith at tsmith@ tampabay.com or (414) 702-5006. Follow @bytierrasmith.

Two Tampa Bay shopping plazas sold for $20 million 08/01/17 [Last modified: Tuesday, August 1, 2017 5:29pm]
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