East Manatee-based Benderson Development recently acquired three retail properties totaling nearly 350,000 square feet across the region, from Pinellas to Lee County. The acquisitions include shopping centers Venice Market Place and Granada Plaza in Dunedin in addition to the Lowe’s store in Estero. Both the Venice and Estero properties sold for more than $19 million combined, while records have not been updated to reflect the purchase price of the Dunedin property.
“These properties are exciting additions to our portfolio,” Randy Benderson, managing director of Benderson Development, says in a statement.
Benderson bought Venice Market Place — a shopping center at 1568 U.S. 41 Bypass South, near Center Road, in Venice — for $9.91 million in July, according to Sarasota County property records. The seller was Selig Enterprises, a real estate and development company in Atlanta. The shopping center totals about 91,000 square feet, according to a spokesperson for Benderson. It is located across U.S, Highway 41 from the Benderson-owned Jacaranda Plaza and adjacent to a Benderson-owned former Albertsons, increasing the company’s footprint in the area, according to the statement.
Granada Plaza is a Publix-anchored retail center in the Tampa suburb of Dunedin, located off Patricia Avenue at the intersection with Main Street. It is about 80,000 square feet, according to a Benderson spokesperson. Hillcrest Investors Ltd. of Hollywood was the seller, according to Pinellas County property records, which show it purchased the property for $2 million in 2021. Property records have not yet been updated to reflect the latest sale, and Benderson did not disclose the price…