1. News
  2. /
  3. Business

Wesley Chapel shopping center sold for nearly $63 million

Tenants include Michael’s and T.J. Maxx
The Grove at Wesley Chapel [Jones Lang LaSalle]
The Grove at Wesley Chapel [Jones Lang LaSalle]
Published Sep. 12, 2019
Updated Sep. 13, 2019

WESLEY CHAPEL - A partnership that includes a public company traded on the Tel Aviv Stock Exchange has bought the Grove at Wesley Chapel, a large community shopping center with several major retailers, for $62.7 million. The sale included the 471,279-square-foot center at the intersection of Interstate 75 and Wesley Chapel Road plus 114 additional acres suitable for development.

Among the Grove’s tenants are T.J. Maxx, Ross Dress For Success, Dick’s Sporting Goods, Best Buy, Dollar Tree, Michael’s and Cobb Theater. Approximately 176,000 residents with an average annual household income of $91,150 live within a 20-minute drive of the property, which is seen by more than 95,000 passing cars a day.

The buyer, Mishorim-Gold Properties, is a partnership between commercial real estate investor Mark Gold and Mishorim Real Estate, which invests mainly in commercial and office buildings in Israel and the United States. Together, Mishorim-Gold partnerships have acquired more than 20 properties, mostly shopping plazas in the Southeast. JLL Capital Markets handled the sale.


  1. Lucky's Market ahead of its St. Petersburg grand opening just two years ago. [Times (2018)]
    Only one Florida Lucky’s Market will remain open. But which could become Aldi stores?
  2. [Getty Images] [Getty Images]
    It would probably be good to ask his thoughts, the advice columnist writes.
  3. Renderings by Arquitectonica of the proposed Red Apple Group condo project in St. Petersburg. Courtesy of Arquitectonica [Courtesy of Arquitectonica]
    $300 million. 45 stories. A little closer to existence.
  4. A group of East Lake residents has erected signs protesting a 44-home development proposed by Tarpon Springs developer Pioneer Homes. Tarpon Springs commissioners recently voted to annex the site into the city. [Courtesy of Marc Washburn]
    The action targets a plan to build 44 homes on land between Keystone Road and Highland Avenue, double what was allowed in the East Lake District.
  5. People gather around an auctioneer at the liquidation sale following local bike store Flying Fish Bikes closing [Romy Ellenbogen]
    The liquidation sale was packed with people hoping to get discounted bike gear.
  6. From left, Chris Fowler, Lee Corso and Kirk Herbstreit on College GameDay. [Times]
  7. Pasco County community news [TMCCARTY80  |  Tara McCarty]
    News and notes on Pasco County businesses
  8. Erica Allums poses for a portrait behind the counter at Banyan Cafe in St. Petersburg while she was still the owner. Now, she's in the process of taking over the MLK spot once again. [Times (2018)] [Tampa Bay Times]
    The Central Avenue location will continue to operate as normal.
  9. A for sale sign is seen in front of a home in the Westchase area of Tampa. CHRIS URSO  |  Times (2013)
    And a spike in cash sales suggests investors were active in the market.
  10. Florida's unemployment rate hit a record low in December. (AP Photo/Lynne Sladky, File) [LYNNE SLADKY  |  AP]
    Nearly every major job sector posted gains from a year earlier.