TCII Capital Group Acquires Retail Property In Panama City From PetSmart For $5M

The retail property located at 845 E. 23rd St in Panama City has been sold for $5,000,000. The property spans across 29,559 square feet, resulting in a price per square foot of $169. The transaction took place on March 9, 2020. The buyer of the property is TCII Capital Group, while the seller is PetSmart. The deal was facilitated by Brad Peterson, Whitaker Leonhardt, Michael Brewster, and Ryan Stoffer of JLL Capital Markets.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $5,000,000
• Address: 845 E. 23rd St
• Market: Panama City
• Square Footage: 29,559
• Price per Square Foot: $169
• Buyer: TCII Capital Group
• Seller: PetSmart
• Brokers: Brad Peterson, Whitaker Leonhardt, Michael Brewster, and Ryan Stoffer - JLL Capital Markets

The sale of this property signifies a significant deal in the retail market of Panama City. The involvement of TCII Capital Group and PetSmart in the transaction demonstrates the strategic investments and partnerships occurring within the retail sector. The role played by Brad Peterson, Whitaker Leonhardt, Michael Brewster, and Ryan Stoffer of JLL Capital Markets showcases their expertise in navigating such complex deals.