MIAMI (April 29, 2021)—Tiktin Real Estate Investment Services (TREIS), a leading commercial real estate investment sales brokerage firm, today announced the sale of Shoppes at Starkey Ranch, a brand new 17,122 square-foot retail center and 3,565 SF Chase Bank outparcel at 12225-12359 State Road 54 in Odessa, FL. Clearwater-based KW Partners sold the site through its affiliate, KW Realty Fund III, LLC, to New Jersey-based B.H.B.M.C. LLC, an entity of Brown Family Trust, for $11.5 million via a 1031 Exchange. Adam J. Tiktin, President and Broker of TREIS, represented both the Buyer and Seller in this transaction. Closing took place April 29th.

Situated on 4.46 acres, Shoppes at Starkey Ranch was completed in Q1 2021 and is fully leased to 11 tenants. Daniel Solomon and David Eggnatz of Katz & Associates oversaw the leasing for the project. The property is located in a high traffic area just off the signalized corner of State Road 54 and Trinity Boulevard with excellent access and visibility to over 74,500 vehicles per day.

For more information, please call 305-363-4750 or 844-4-TIKTIN or visit www.tiktinrealestate.com.