Batson-Cook Development Company (BCDC) and Dunphy Properties have sold Rivercrest Commons, a successful Publix-anchored retail center in the 301 Corridor in Riverview, Florida for $21,700,000.

“Rivercrest Commons is a perfect-fit partnership,” said Litt Glover, CEO, BCDC. “We were able to bring financial resources and development expertise to the table, while Dunphy Properties had an unparalleled location, the relationships and the vision to deliver a development that benefitted the community, the tenants and the partnership equally.”

Located at the intersection of Symmes Road and US 301, the 15-acre Rivercrest Commons is also home to a Dunkin’ Donuts, Fast Track Urgent Care Center and Heartland Dental. The 75,000 square-foot center is 92 percent leased. The 301 Corridor is among the fastest growing areas, population-wise, in Florida.

Colliers International represented the joint-venture of BCDC and Dunphy Properties. Nicklaus of Florida was the buyer, which was represented by RealNet Tampa Bay. The well-located center with a strong anchor and a solid tenant mix drew several offers.

The partnership broke ground on the project in the summer of 2015, and quickly leased up the under-construction space. Publix opened in September 2016, and the center reached stabilization over the summer. US Ameribank provided the construction financing.

Founded in 1963, Batson-Cook Development Company is a wholly owned subsidiary of Kajima USA. Based in Atlanta, BCDC is a fully integrated real estate organization providing development and capital solutions primarily through partnerships on commercial real estate projects in the Southeastern United States.

Based in Tampa Bay, Florida, Dunphy Properties is a full-service commercial real estate company competent in all phases of development including land development, entitlements, project management, leasing, property management and capital investments.