Tobin Real Estate Completes Significant Lease Transactions in Tampa Area
Senior Vice President Louie Granteed represents landlord in new deals at retail properties in Lakeland and Dunedin, Florida

By Post
Tampa Bay Newswire
Published: Jan 11, 2023

HOLLYWOOD and LAKELAND, FL – Jan. 11, 2023 – Tobin Real Estate successfully arranged new leases on behalf of retail landlords in the Tampa area. Senior Vice President Louie Granteed represented the shopping center owners BSD Capital in Lakeland and Hillcrest Investors, LTD, in Dunedin, Florida in the transactions.

In Lakeland, Kinship PACE of Central Florida, LLC signed a 15-year lease for 19,830 square feet at Lakeland Town Center. Kinship is a technology and service organization designed to partner with PACE (Program of All-Inclusive Care for the Elderly) programs to help improve their clinical care and financial performance. It is headquartered in New York.

The deal took several months to complete while Kinship received certain required governmental approvals, as Kinship’s lease is for suites 955, 957 and 963 at the Lakeland Town Center, 917 E. Memorial Blvd. Lakeland, FL. Cushman & Wakefield represented the Tenant Kinship in the transaction.

In a separate lease transaction at Lakeland Town Center, the City of Lakeland Electric signed a 10-year lease for a 2,877-square-foot space.

Since July 2021, Tobin Real Estate has boosted occupancy at the 286,084-square-foot Lakeland Town Center from 40% to 95%. Tenants include Polk County Governmental Center, City of Lakeland, Save-A-Lot, Kinship, Family Dollar, H&R Block, Subway, Checkers, Cash America, Aaron’s, Empire Beauty Outlet, Metro PCS, Rent-A-Center, Tampa Furniture Outlet and many more. Tobin Real Estate and BSD Capital have an outstanding relationship and highly successful proven track record for turning around distressed assets.

“Our team is consistently leveraging relationships and market knowledge to curate Lakeland Town Center with a dynamic mix of tenants,” Granteed said. “The mixed-use nature of the property allows for a wide range of businesses to serve the rapidly growing community. Ongoing renovations have made the center a very desirable destination.”

In Dunedin, Tobin Real Estate applied its Owner’s Perspective™ to Dunedin Plaza, a retail center Tobin has owned for many years. Granteed completed a new lease with Beach Babe Salon to occupy 2,520 square feet at the 912-956 Patricia Ave. center. The salon secured the last available in-line space at the property.

Dunedin Plaza has numerous national tenants, such as Beall’s, Save-A-Lot, Dollar Tree, Subway, KFC, H&R Block, Firestone, Firestone and AutoZone.