Tampa, Fla. (January 7, 2014) – RMC Property Group (“RMC”) is pleased to announce the upcoming re-development of Indian Rocks Shopping Center, a Publix-anchored shopping center located at the intersection of Indian Rocks Road and Walsingham Road in Largo, Fla. Bealls Outlet and Dollar Tree co-anchor the center, which includes approximately 10,000 square feet of local retail space. Publix recently signed a new lease at the center with plans to completely re-develop a 45,600-square foot store. The existing Publix store closed in December 2013 and is scheduled to re-open in the fall of 2014. Construction on the center has been planned in phases so that all businesses in the center will remain open during the construction process.
The re-development of Indian Rocks Shopping Center will result in a completely new façade, parking field enhancements, prominent new monument signage, and an additional 3,000 square feet of leasable inline space. The center is currently fully leased and the 3,000 square feet of new retail space will create the first new direct leasing opportunity in several years.
Campo Engineering and Fisher & Associates are handling the engineering and architectural work for the project.
“We are excited to commence the redevelopment of Indian Rocks Shopping Center. It has taken several years of planning and we are thankful for the cooperation of the shopping center’s tenants, our development professionals, and the governmental agencies involved in this process,” said Bobby Eggleston, chief real estate officer and chief financial officer of RMC. “We look forward to providing an enhanced shopping experience for the patrons of Indian Rocks Shopping Center once the redevelopment is complete.”
RMC Property Group (RMC)
RMC is one of Florida’s largest and most innovative full-service commercial real estate leasing, management, acquisition, development and redevelopment companies. RMC leases and manages a portfolio of office and retail properties encompassing over 4.3 million square feet, has developed more than 140 freestanding drugstores, developed or redeveloped more than 25 grocery-anchored shopping centers, and renovated and redeveloped several other retail and mixed-use properties over the past 15 years. Our combined development experience and leasing and management expertise translate into unrivaled knowledge, perspective, and a critical competitive edge.