Carrollwood Village Shoppes sold for about $120 million

An affiliate of Dallas-based Crow Holdings has acquired the Carrollwood Village Shoppes in Tampa for approximately $120 million. The 45,353-square-foot retail center is situated at a high-traffic intersection along the North Dale Mabry Highway commercial corridor. This transaction highlights significant value appreciation in the local retail sector, as the property previously sold for less than $14 million in 2015.

The Carrollwood Village Shoppes, located at 12904–13050 N. Dale Mabry Highway, changed hands in a deal valued at roughly $120 million according to property records. The buyer, an affiliate of the privately owned real estate investment firm Crow Holdings, purchased the asset from Carrollwood V Group LLC. This acquisition adds a prominent retail asset to Crow Holdings' portfolio, which currently manages more than $34 billion in assets across various commercial sectors including multifamily and industrial.

The retail center occupies a strategic position at the intersection of North Dale Mabry Highway and West Fletcher Avenue, one of the busiest commercial corridors in the Carrollwood area. According to leasing materials, the intersection experiences a combined traffic volume of approximately 88,900 vehicles per day. The 45,353-square-foot property is home to a diverse mix of service businesses, retailers, and restaurants, including national and local brands such as Chili’s Bar & Grill, Anthony’s Coal Fired Pizza, Maple Street Biscuit Company, and The UPS Store.

The sale price represents a massive increase in valuation over the last decade, as Hillsborough County property records show that Carrollwood V Group LLC originally acquired the site for $13.7 million in 2015. While representatives for both the buyer and seller did not immediately respond to requests for comment, the deal underscores the continued demand for well-located retail centers in the Tampa Bay region. Other notable tenants at the site include Side Splitters Comedy Club and Tampa Family Health, further establishing the center as a key community hub.