Commercial Real Estate, Capital, Insurance, Leasing & Management

Business Observer: Work starts on massive 50-acre, 5,000-residence downtown development

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Bealls will be ringing: A 104,201-square-foot retail space has sold in New Port Richey. The building, which has been occupied by Bradenton retailer Bealls since 2001, was bought by the investment firm Grant Equities. It paid $7.2 million. The building sits on 7.51 acres on State Road 54 in the Pasco Square shopping center. It was built in 1987 and expended by 20,000 in 2007. Franklin Street, which arranged the sale for the previous owner, had previously negotiated a new long-term lease extension with Bealls.

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