Tampa Shopping Center Sells for $36M: Asana Partners Acquires Grand Plaza from CPI Ventures
BISWIRE/April 1, 2025 — In a major Tampa Bay retail transaction, CPI Ventures has sold Grand Plaza, a high-performing unanchored retail strip center in Carrollwood, for $36,000,000 to Asana Partners, a nationally recognized real estate investment firm. The sale underscores strong investor demand for well-located retail assets in high-growth markets.
Thano Mazas of Mazi Realty, LLC represented the seller, CPI Ventures, while Jeff Dervech, CCIM of Dervech Real Estate, Inc. represented the buyer, Asana Partners.
Grand Plaza totals 106,016 square feet, was 99% occupied at the time of closing, and sold for approximately $339.57 per square foot. Built in 1985, the property stands out as one of the largest unanchored retail strip centers in the Southeastern United States.
Tenants at Grand Plaza include Grillsmith, Glory Days Grill, Kobe Japanese Steakhouse, Crafty Crab, H&R Block, Bright Now Dental, South Beach Tanning Co., and others, contributing to the asset’s long-term stability and appeal.
“Grand Plaza is a marquee retail center in one of Tampa’s most trafficked and demographically strong corridors,” said Thano Mazas. “It was a pleasure representing CPI Ventures on the sale of such a high-caliber asset. We’re confident Asana Partners will continue to elevate the value of this property for years to come.”
The center sits along North Dale Mabry Highway, benefiting from over 64,000 vehicles per day, and features over 1,300 linear feet of prime retail frontage. With strong access, signage, and unique design elements such as breezeways and patio-ready end caps, the property is well-positioned for long-term success. The surrounding area boasts over 37,000 households and a median household income of $82,000+ within a 3-mile radius.
“Asana Partners continues to focus on acquiring well-located, high-quality retail assets in growth markets,” said Jeff Dervech. “Grand Plaza fits that thesis perfectly.”
For more information, please contact:
Thano Mazas
President, Mazi Realty, LLC
