Wallace Enterprises And Crim & Associates Acquire Crosswinds Shopping Center In St. Petersburg For $20.5M

The Crosswinds Shopping Center, located at 2030 66th Street North in St. Petersburg, Florida, has been sold for $20,500,000. This retail property encompasses 141,577 square feet and was fully leased at the time of sale. It features well-known tenants including Marshalls, Michaels, Bealls, and Havertys. The property was built in 1971, contributing to its value in the local market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $20,500,000
• Square Footage: 141,577
• Price Per Square Foot: $145
• Buyer: Wallace Enterprises & Crim & Associates
• Seller: Crosswinds St. Pete LLC
• Brokers: Boris Shilkrot, Kyle Stonis & Pierce Mayson - Matthews Real Estate Investment Services

The acquisition of the Crosswinds Shopping Center was managed by Wallace Enterprises and Crim & Associates, highlighting their strategic investment in the St. Petersburg area. The transaction was facilitated by the brokerage team from Matthews Real Estate Investment Services, comprising Boris Shilkrot, Kyle Stonis, and Pierce Mayson, underscoring their role in successfully closing this deal.