Retail

CLEARWATER, FLA. — The 172,596-square-foot Bayside Bridge Plaza, a grocery-anchored shopping center located at the intersection of McMullen Booth and Coachman roads in Clearwater, has traded for $17.25 million. An affiliate of Montreal, Canada-based Dalfen America Corp. sold the retail property to an affiliate of Hallandale, Fla.-based Isram Group of Companies. Bayside Bridge Plaza was built in 1989 and renovated in 2004 and 2010. A 42,112-square-foot Publix anchors the property, which is 91 percent leased. Other tenants include Family Fitness, Gatti Town Restaurant, Dollar Tree, Pet Supplies Plus and Ace Hardware. Casey Rosen, Dennis Carson and Nikolas Kozy of CBRE represented the seller in the transaction.

ROCKY MOUNT, N.C. — Crayton Commercial will redevelop the 76,400-square-foot Edgecombe Park Shopping Center in Rocky Mount. A 54,000-square-foot Roses Supercenter, which combines a traditional Roses Discount Store with a full-line grocery store, will anchor the retail property. The space will also include a national dollar store retailer and soft goods tenant. Redevelopment will include demolition and reconstruction of the building’s façade and new roof systems, HVAC, ceilings, lighting and electrical work on the interior. Edgecombe Park is scheduled for completion in summer 2013.

FRONT ROYAL, VA. — Calkain Cos. has brokered the sale of two bank pad sites that are ground leased to BB&T and Wells Fargo for $6.5 million. The properties are located within Crooked Run Shopping Center, which is anchored by Target, in Front Royal. Rick Fernandez and Betty Friant of Calkain Cos. represented the seller and buyer.

ORLANDO, FLA. — Fort Lauderdale, Fla.-based Morgan Property Group (MPG) has sold an 18.8-acre Orlando retail parcel that is ground leased to WaWa Inc. for $2.2 million. MPG acquired the parcel at Semoran and Auvers boulevards in 2007 through its affiliate Semoran Partners LLC. A freestanding Walgreens drugstore was developed and the property adjacent to Walgreens was ground leased to WaWa, a convenience store that will feature eight pumping stations when it opens in the first quarter of 2013. Dean Zang of Marcus & Millichap represented the seller, while Clinton Textor of Marcus & Millichap represented the buyer.