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Zaffar Tabani Of The Tabani Group Acquires Clearwater Retail Asset For $28.25M From NADG

Property Image
SOLD
$28,250,000

Florida

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Retail132,191 SF
Sold 09/16/2025
the dealdetailscomps
Property Image
SOLD

Zaffar Tabani Of The Tabani Group Acquires Clearwater Retail Asset For $28.25M From NADG

2514 State Road 580

See Similar Deals
Retail132,191 SF
Sold 09/16/2025
the dealdetailscomps

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$213
Total Square Footage:132,191 SF
Transaction Type:Sale

The property asset involved in the transaction is the Courtyard at Countryside shopping center located at 2514-2532 State Road 580, Clearwater. This retail asset encompasses 12 acres and has a total square footage of 132,191, with a sale price of $28,250,000, resulting in a price per square foot of $214.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $28,250,000
  • Address: 2514-2532 State Road 580
  • Market: Clearwater
  • Size: 132,191 SF
  • Price per SF: $214
  • Buyer: Zaffar Tabani - The Tabani Group
  • Seller: John W.S. Preston - North American Development Group (NADG)
  • Acquisition Year by Seller: 2015
  • Previous Sale Price by Seller: $25,500,000

The deal involved Zaffar Tabani representing The Tabani Group as the buyer, and John W.S. Preston representing North American Development Group as the seller. The transaction showcases the involvement of established entities in the retail market.

Players

TG
Tabani Group
BUYER
NG
North American Development Group
SELLER

Details

SOLD
IMAGE: John W.S. Preston DATE: 09/16/2025 ADDRESS: 2514-2532 State Road 580 MARKET: Clearwater ASSET TYPE: Retail ~ ACRES: 12 BUYER: Zaffar Tabani - The Tabani Group SELLER: John W.S. Preston - North American Development Group (NADG) SALE PRICE: $28,250,000 SF: 132,191 ~ PPSF: $214 NOTE: The Tabani Group bought the 132,191-sf Courtyard at Countryside shopping center in Clearwater for $28.25M. The seller was North American Development Group, which acquired the property in 2015 for $25.5M.

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