New Port Richey, Fla. — Franklin Street has arranged the sale of a 104,201-square-foot, single-tenant retail property located in New Port Richey, roughly 40 miles northwest of Tampa. Grant Equities LLC acquired the property for $7.2 million. Bryan Belk, John Tennant and Zack McNamara of Franklin Street represented the seller, an affiliate of Vanguard Associates Inc. Built in 1987 and situated within Pasco Square shopping center, the building is fully occupied by retailer Bealls. Zack McNamara of Franklin Street previously negotiated a new, long-term lease with the tenant on behalf of the landlord, and Michael Conlon of Franklin Street Insurance Services secured the property, casualty and flood insurance policies on behalf of the buyer.
