Boston Capital LLC Acquires Section Of Tyrone Square Mall In St. Petersburg For $37.8M

A section of Tyrone Square Mall in St. Petersburg, including Dick's Sporting Goods and a potential grocery store space, was sold for $37.8 million. The buyer, Boston Capital LLC, obtained a $16.5 million loan from City National Bank of Florida. This sale highlights the growth and appeal of the area to investors.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $37,800,000
• Date: 09/21/2023
• Address: 2300 Tyrone Boulevard
• Market: Saint Petersburg

The buyer, Boston Capital LLC, acquired the section of Tyrone Square Mall. They secured a $16.5 million loan from City National Bank of Florida to facilitate the purchase.