Ben Mallah Sells Shops At Midway Retail Center In Largo For $10.65M With Nathan Timmons And Trifon Houvardas

The retail asset involved in the transaction is the Shops at Midway, located at 1301-1551 Missouri Avenue in Largo. The property encompasses 7.48 acres, featuring a total square footage of 74,964. The transaction was completed for a price of $10,650,000, translating to a price per square foot of $142.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,650,000
• Address: 1301-1551 Missouri Avenue
• Market: Largo
• Acres: 7.48
• Square Feet: 74,964
• Price Per Square Foot: $142
• Seller: Ben Mallah - Equity Management Partners
• Buyer’s Representative: Trifon Houvardas - Foresight Property Services LLC
• Seller’s Representative: Nathan Timmons - Ripco

Notably, Ben Mallah sold the fully leased retail center to a collective of local investors. The sale represents one of eight retail transactions Mallah has executed since mid-2023 as part of a strategy to refocus on value-add multifamily assets. The transaction involved representation from RIPCO, where both Ari Ravi and Nathan Timmons acted on behalf of the seller, while Trifon Houvardas represented the buyer in the deal.