John Middleton Acquires Retail Property In Clearwater For $22.5M

The retail property located at 21800 US Hwy 19 N in Clearwater has been sold for a total price of $22,500,000. The property spans across 134,362 square feet, resulting in a price per square foot of $167. The sale was completed on November 10, 2022. The buyer in this transaction is John Middleton, who is associated with the Philadelphia Phillies. The seller of the property is Chad Hurst. The deal was facilitated by a team of brokers from Avison Young, namely Michael T. Fay, Brian C. de la Fé, John K. Crotty, David Duckworth, and Nick Robinson.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $22,500,000
• Address: 21800 US Hwy 19 N, Clearwater
• Market: Clearwater
• Buyer: John Middleton - Philadelphia Phillies
• Seller: Chad Hurst
• Brokers: Michael T. Fay, Brian C. de la Fé, John K. Crotty, David Duckworth, and Nick Robinson - Avison Young

The involvement of John Middleton from the Philadelphia Phillies adds an interesting aspect to this retail property transaction. This demonstrates Middleton's interest in diversifying his investment portfolio beyond the world of sports. The Avison Young team, consisting of Michael T. Fay, Brian C. de la Fé, John K. Crotty, David Duckworth, and Nick Robinson, successfully facilitated the deal, showcasing their expertise in the retail real estate market.