Benderson Development continues to grow its real estate portfolio as the Manatee County-headquartered company announced the purchase of a 250,000-square-foot shopping center in Naples.
Carillon Place is located at the intersection of Airport-Pulling Road North and Pine Ridge Road. The property was 92% leased and includes T.J. Maxx, DSW and Walmart as major tenants, according to a news release announcing the transaction.
The previous property owner was BRE DDR Carillon Place LLC, which bought it in 2012 for $35.35 million.
A deed has not yet been recorded for the Benderson transaction and the news release announcing the acquisition did not include a purchase price.
Recent coverage: Benderson buys 51.5 acres at Venice and River Road for mixed-use development
Benderson Development has made several acquisitions in recent months with the real estate company that was founded in 1949 now totaling more than 55 million square feet of commercial space across more than 1,000 properties in 41 states.
“As we continue to significantly grow our asset base, this center was a natural fit for our portfolio,” said Randy Benderson, managing director of the family-owned real estate company.
Recent transactions include the purchase of 51.5 acre development site for $12 million in Sarasota County, a $30.5 million purchase of an existing shopping center called the Glengary Shoppes along Tamiami Trail and Linton Commons in Delray Beach.