Tampa Bay Center Lands $22.8M Acquisition Loan

Tampa Bay Center, a 149,375-square-foot retail property at 2915 N Dale Mabry Highway in Westshore, has closed acquisition financing. JLL Capital Markets secured a $22.8 million five-year, fixed-rate loan through BankUnited, N.A. for borrower Triarch Capital Group.

The single-story center sold for $37.7 million in December 2025, roughly $252 per square foot. It is 100% leased to 10 tenants and anchored by Ashley Furniture and Floor & Decor, which together occupy 69% of net rentable area. National retailers make up 80% of tenancy; publicly traded companies including Floor & Decor, Dollar Tree, The Tile Shop and T-Mobile occupy 60% of the center. Built in 1974 and renovated in 2017, the Class B property sits on about 11.13 acres less outparcels.

The center sits at the signalized intersection of Dale Mabry and West Columbus Drive, with 57,500 vehicles in average daily traffic. It lies within the Westshore Business District, Florida's largest west coast business district, with more than 6,500 businesses, 100,000 employees and 15.3 million square feet of office space.

Directors Josh Odessky and Paul Adams and Associate Justin Ratcliffe led the JLL Debt Advisory team.