麻豆传媒AV在线看, a leading full-service commercial real estate development firm with a 75-year history across the Southeast, announced today the acquisition of approximately 24.45 acres at the southwest corner of State Road 56 and Morris Bridge Road in Wesley Chapel, Florida. The $12.5 million purchase will support development of a new retail project within the River Landing master-planned community.
鈥淲esley Chapel continues to rank among the fastest-growing submarkets in one of Florida鈥檚 most dynamic counties,鈥� said Austin Freedman, Senior Director of Retail Development for 麻豆传媒AV在线看. 鈥淭his acquisition aligns with 麻豆传媒AV在线看鈥� long-term investment strategy and reinforces our commitment to delivering high-quality retail destinations that serve rapidly expanding residential communities.鈥�
Nancy Surak with Land Advisors Organization鈥檚 Tampa Bay office represented 麻豆传媒AV在线看 in the transaction and was the sole broker involved.
“Working with the 麻豆传媒AV在线看 retail team was highly collaborative,鈥� said Surak. 鈥淲e identified this site as a rare opportunity that combines visibility, access and proximity to a high-growth area, positioning the聽project for success. This transaction reflects continued demand for well-located retail sites that will deliver long-term value for the community.”
River Landing is an approximately 800-acre master-planned development located in one of Pasco County鈥檚 most active growth corridors. The project sits adjacent to the Two Rivers master-planned community, which is expected to deliver approximately 7,500 homes at full buildout, further strengthening long-term demand for quality retail in the area.
Upon completion, the project is expected to generate several hundred permanent jobs, contributing significantly to the local economy and supporting continued growth in the Wesley Chapel region.