Stiles Acquires $12.5M Site for Retail Development in Wesley Chapel's River Landing Community

Stiles has acquired approximately 24.45 acres in Wesley Chapel, Florida, for $12.5 million to develop a retail project within the River Landing master-planned community. The site is located at the southwest corner of State Road 56 and Morris Bridge Road in one of Pasco County's fastest-growing submarkets.

The commercial real estate development firm, which has a 75-year history across the Southeast, announced the transaction on February 11, 2026. Nancy Surak with Land Advisors Organization's Tampa Bay office represented Stiles as the sole broker in the deal.

Strategic Positioning in High-Growth Corridor

The retail development will serve the approximately 800-acre River Landing master-planned community and the adjacent Two Rivers master-planned community, which is expected to deliver approximately 7,500 homes at full buildout.

"Wesley Chapel continues to rank among the fastest-growing submarkets in one of Florida's most dynamic counties," said Austin Freedman, Senior Director of Retail Development for Stiles. "This acquisition aligns with Stiles' long-term investment strategy and reinforces our commitment to delivering high-quality retail destinations that serve rapidly expanding residential communities."

Transaction Details and Market Dynamics

Surak noted the collaborative nature of working with the Stiles retail team on identifying the opportunity.

"We identified this site as a rare opportunity that combines visibility, access and proximity to a high-growth area, positioning the project for success," said Surak. "This transaction reflects continued demand for well-located retail sites that will deliver long-term value for the community."

Economic Impact and Development Timeline

Upon completion, the project is expected to generate several hundred permanent jobs, contributing significantly to the local economy and supporting continued growth in the Wesley Chapel region.

Stiles is a full-service commercial real estate development firm with operations across the Southeast. River Landing is located in one of Pasco County's most active growth corridors.