European Equities Corp. buys Palm Harbor's Curlew Plaza

BUYER: 30600 US Highway 19 N LLC (principal: David McComas), Clearwater
SELLER: Folzar Inc.
PROPERTY: 30600 U.S. 19 N., Palm Harbor
PRICE: $1.35 million
PREVIOUS PRICE: $410,700, November 1996
LAW FIRM ON DEED: Johnson Pope Bokor Ruppel & Burns LLP, Clearwater

PLANS, DESCRIPTION:
Clearwater-based European Equities Corp. purchased the 10,979-square-foot Curlew Plaza for $1.35 million.

The price equated to $123 per square foot. That figure is lower than the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.

Located at the corner of U.S. 19 and Glen Eagles Parkway, the retail center was fully occupied at the time of the sale. The property features a mix of small retail tenants including Animal Emergency, Days Furniture, Direct Auto Insurance, Paradise Nail & Spa, St. Mary Pharmacy and Vitamin Discount Center.

Jonathan Graber and Rafeal Wright of Franklin Street Real Estate represented the seller.

“They were buying it on an asset basis,” Graber says. “It's a very stable property. The seller is an older gentleman, who developed it several years ago, and was selling it to make his life a little simpler.”