A Clearwater developer is planning a project that will add a grocer-anchored shopping center, apartments and townhouses at the entrance of a master-planned community in South Hillsborough County.
Boos Development paid $21.5 million for 72 acres at Big Bend Road and Waterset Boulevard in a deal that closed in mid-September, according to Hillsborough County property records. The site, which sits at the entrance to master-planned community Waterset, has been divided up and sold off to two other developers: Arlington Properties, which paid $10.9 million for 21 acres, and Paragon Property Group, which paid $9.49 million for 29 acres. Boos will build the grocery-anchored Shops at Big Bend and two outparcel tenants on the remaining acreage.
Tom Kersting and Ryan Derriman of Franklin Street represented Boos in its acquisition of the 72 acres; Eshenbaugh Land Co. represented the seller, Bayview Properties.
Kersting, a managing director with Franklin Street, said in a statement that the project will be “a tremendous asset to the South Hillsborough market.”
The shopping center will also include 15,000 square feet of inline space, which Franklin Street is marketing for lease.