Largo, FL (March 05, 2021) – European Equities brokers the sale of Roosevelt Crossings for a reported $995,000..
European Equities Corp., a premier broker of commercial real estate, has completed the sale of Roosevelt Crossings.
Roosevelt Crossings is a new ‘ground-up’ development from European Equities Corp, schedule for delivery in the summer of 2022. Roosevelt Crossings is at the southeast corner of East Bay and US 19, between Wawa and Walmart. The development will have 12,000 square feet of retail space.
The original developer of the Roosevelt Crossings parcel was unable to proceed with the project, in part related to high cost debt service, and sought out European Equities for assistance in finding a suitable developer to purchase the property. European Equities agreed to acquire the property for its portfolio and negotiated a discount on the debt service to allow the seller to recoup its investment.
David McComas handled the transaction on behalf of European Equities.
Roosevelt Crossings is located at 2659 Roosevelt Boulevard, Largo, FL