Investment sales

St. Petersburg, Fla. — Matthews Real Estate Investment Services has brokered the sale of Crosswinds Shopping Center, a 141,577-square-foot retail center located in St. Petersburg. Tenants at the property, which was fully leased at the time of sale, include Marshalls, Michaels, Bealls and Havertys. Wallace Enterprises and Crim & Associates acquired the center from an entity doing business as Crosswinds St. Pete LLC for an undisclosed price. Pierce Mayson, Kyle Stonis and Boris Shilkrot of Matthews represented the seller in the transaction. 

Pembroke Pines, Fla. — Marcus & Millichap has brokered the $6 million sale of Palm Plaza, a retail center located in Pembroke Pines. Tenants at the property, which totals 22,284 square feet, include Domino’s, Sushi Song and State Farm. The center was renovated in 2023 and fully leased at the time of sale. Jonathan De La Rosa, Eddie Toledo and Matthew Albregts of Marcus & Millichap represented the seller, an entity doing business as Westar at Palm Plaza LLC, in the transaction. A local private investor was the buyer.