Granite Capital Acquires Retail Asset In St. Petersburg From Fuqua Development For $7.8M

The property asset involved in this transaction is a retail space located at 4501 66th Street North in St. Petersburg. The sale price for the property was $7,800,000, encompassing a total square footage of 97,502, which translates to a price per square foot of $79.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,800,000
• Address: 4501 66th Street North
• Market: St. Petersburg
• Square Footage: 97,502
• Price per Square Foot: $79
• Buyer: Granite Capital
• Seller: Fuqua Development
• Seller's Representative: Daniel Solomon & Jonathan Cashion - Katz & Associates Real Estate Advisors

This transaction involved key individuals including Granite Capital as the buyer and Fuqua Development as the seller. The seller was represented in this deal by Daniel Solomon and Jonathan Cashion from Katz & Associates Real Estate Advisors, contributing to the facilitation of the transaction.