Retail Solutions Advisors Wraps Up Three New Leases in Florida

By Robert Demeter

Bealls Outlet, Seminole Plaza

Tampa–Retail Solutions Advisors announced that it has recently completed three new lease transactions on behalf of Bealls Outlet, for whom it provides tenant representation services in the Florida market. Charlie Boscarino, president of RSA, and Lynda Nagy, regional vice president of RSA negotiated the three leases on behalf of Bealls Outlet.

The three new leases have an average term of nine years and comprise a total of 59,070 square feet, spanning from Panama City southward to Seminole in the Tampa Bay area.

The first lease is for a 20,775-square-foot store to be located in Seminole at Seminole Plaza, 7191 Seminole Blvd. The store is located within a 146,579-square-foot retail center which is dual-anchored by Burlington Stores and T.J. Maxx.

The second lease is for a 20,295-square-foot space in Waterford Shopping Center, located at 638 Alafaya Trail in the Orlando market. The shopping center has over 100 stores, 20 cinemas in addition to fast-food and sit-down restaurants.

The final lease is for an 18,000-square-foot store that will open at Pier Park North Shopping Center, a 360,000-square-foot shopping center in Panama City Beach situated at 15600 Panama City Beach Pkwy. Notable tenants include The Mattress Firm and Verizon among others. John Hutchens of Casto Southwest Realty Services negotiated on behalf of the landlord.

Bealls is a privately held company founded in 1915 and owned by the founding family and its employees. Bealls Department Stores now operates more than 70 store locations in the state of Florida in addition to BeallsFlorida.com.

Based out of Lakeland, Retail Solutions Advisors has a strong and steadily growing presence in the Florida market. The company’s current client base includes Inland Properties, Leon Capital Group, Alidade Capital, Excess Space Properties, and a number of private capital investors.

Image courtesy of Seminole Mall