Part of Tyrone Square Mall Sells for $37.8M

Day Pitney Real Estate Partner Daniel Diaz Leyva was featured in the Tampa Bay Times article, "Part of Tyrone Square Mall Sells for $37.8M." Diaz Leyva represented the buyer's lender, City National Bank of Florida, in the deal.

Diaz Leyva commented on how the influx of residents to Tampa Bay and the recent Aldi acquisition of Winn-Dixie locations assisted in this deal stating, "It's a very good sign of strength, generally speaking, not only for St. Petersburg, but specifically for this asset that there was enough foot traffic and enough rooftops in the area to call for an Aldi. And the fact that Aldi is there will only help to buoy and support the existing tenant."

Read the full article here.