Commercial Real Estate Direct Staff Report Belleair Development has paid $85 million, or $235.29/sf, for the Shoppes at Park Place, a 361,250-square-foot retail property in Pinellas Park, Fla. The developer, which is headquartered in Pinellas Park, purchased the property from Greystone Servicing Co., which had taken it in March 2020 by foreclosing against a $69.76 […]

The post Fla. Retail Center Sells for $85Mln, Resolving Long-Troubled CMBS Asset appeared first on Commercial Real Estate Direct.