(Seminole, Fla) – Maddox Companies has completed the $12.55 million dollar sale of Twin Oaks Shopping Center, a 53,456 square-foot community shopping center in Seminole, Fla anchored by Crunch Fitness. The property sits at the corner of Park Boulevard (US-19A) and Seminole Boulevard (FL-694) in the heart of Pinellas County.
Maddox Companies completed a full redevelopment of the property between 2016-2018. A junior box fitness club, freestanding restaurant and two strip centers were gutted and reconstructed to suit the needs of new tenants including Crunch Fitness. The freestanding restaurant is uniquely constructed over a pond with water feature. The entire property received new decorative facades, with stacked stone accents, new landscaping parking lots, and refurbishment of existing oversize pylon signs.
The shopping center is fully leased to a health and wellness focused tenant mix including Crunch Fitness, Davita Dialysis, Optimart, Carepoint Pharmacy and First American Title Company. The site is located at the intersection of the primary east-west and north-south thoroughfares in western Pinellas County, convenient to the extremely dense and stable local population, and also tourist traffic and high-income residents of nearby beaches including Indian Rocks Beach, Madeira Beach and Treasure Island.
Brandon Clark and Steve Maddox handled marketing of the fully leased asset. Twin Oaks Plaza Land Trust is an affiliate of Maddox Companies, a leading provider of commercial real estate development, brokerage, leasing, management and construction services.