The end of the year is approaching, meaning it’s time for some commercial landowners to rethink their holdings. So recent sales of property currently occupied by companies like Tuffy Tire & Auto Service Center of Land O’ Lakes and Arby’s in Lutz probably won’t be the last Pasco County sees before Christmas.
3A LLC, the owner of the Tuffy property at 3530 Land O’ Lakes Blvd., sold the half-acre parcel Oct. 28 for $1.7 million to BL Ground Leasing LLC, a company based in Chicago. That’s far more than what 3A originally purchased that lot for in 2006 when it picked up vacant land for $375,000.
3A built the service shop there in 2009.
The “BL” in BL Ground Leasing likely stands for Bernard Leviton, who is listed as the president of the company, according to Florida state corporation records. He shares an address with Metropolitan Rental Corp., out of Chicago, which — according to its website — is a boutique real estate firm that owns apartment buildings around Chicago. The company adds that “all aspects of our business are done under one roof, and open seven days a week.”
The company’s website does not list any property holdings outside of Illinois.
The Tuffy property had originally been owned by David Mayer of Kentucky, who purchased it for $97,000 in 1990, according to property records.
The second land sale toward the end of October involved the Arby’s location at 22820 State Road 54 in Lutz. Olympus BK LLC sold that land for $1.7 million to JLD Realty Inc. and Longwood Realty Corp. of Kissimmee.
Details about this new owner are not clear. Neither JLD Realty nor Longwood Realty is registered with Florida’s corporation division. They are both described as New York companies, with an address at 4730 Oren Brown Road in Kissimmee. That property, according to Osceola County property records, is owned by Diamond Investments Inc., which lists its president as Darryl Diamond of Inglis.
An online social media profile of a Darryl Diamond in the Kissimmee area says he has been a real estate auctioneer for Diamond Investments since 1980, and also spent 25 years as president of Sparkle Motors beginning in 1960. There is a Sparkle Motors location on U.S. 1 in Port Orange.
Olympus BK bought the property in 2003 for $827,500 from The Estate of Tropical King LP of Tampa, which itself purchased the vacant 1-acre parcel in 1995 for $350,000, and built the Arby’s location there a short time later.
It’s not clear if either land purchase will affect the businesses there, but it’s not expected.