Land acquired for Walmart store in Largo
By Mark Holan
Tampa Bay Business Journal
Published: Aug 14, 2013

A 5-acre parcel in Largo has sold for $2.9 million, setting the stage for development of a Walmart Neighborhood Market.

The property, 9020 Ulmerton Road, is the site of the former Ulmerton Cinema 9, which closed in 1999 and will be demolished.

John F. Gerlach and Mackenzie Gerlach of Colliers International Tampa Bay represented the seller, Gary Boesch. The buyer, BDG Ulmerton LLC, was represented by European Equities.

BDG acquired a contiguous parcel in November for a little more than $2 million to create a site large enough for Walmart, which is set to be the anchor tenant in the development with smaller retailers.

"Given the location [southwest corner of Ulmerton Road and Starkey Road], the property provided an excellent opportunity for new retail development,” Gerlach said in a statement. "Large corporate entities like Walmart are dominating retail sites these days, and are the source of most major new retail projects to the marketplace.”

Mark Holan's beats include commercial real estate and residential real estate.