TAMPA, FL--Plaza Advisors is pleased to announce the sale of the Village Shopping Center (top left photo) in Jacksonville, Florida.The center totals 135,453 square feet and is anchored by Publix and a Bealls Outlet.
The project, built in 1989, is located at the intersection of Blanding Boulevard and College Drive in the city of Orange Park.
The property was 98% occupied at the time of sale and included several recognizable tenants such as Dollar Tree, Subway, Papa Johns Pizza, GNC, The UPS Store, Allstate, Fantastic Sams, and Sally Beauty Supply.
Plaza Advisors represented both parties in the Village Shopping Center transaction and co-managing partners Jim Michalak (middle right photo) and Anthony Blanco, (middle left photo) together with Senior Financial Analyst Lenard Williams (bottom right photo) were involved in the engagement.
Plaza Advisors represented both parties in the Village Shopping Center transaction and co-managing partners Jim Michalak (middle right photo) and Anthony Blanco, (middle left photo) together with Senior Financial Analyst Lenard Williams (bottom right photo) were involved in the engagement.
The seller and buyer were BG Village LLC and Noble Management Company, respectively.
The sale of Village Shopping Center is the third transaction for Plaza Advisors in 2009. Earlier this year, Plaza Advisors sold Regency Village, a Publix-anchored center located in Orlando and Belleair Bazaar, a Bonefish Grill-anchored center in the Clearwater area.
Plaza Advisors, with offices in Tampa and Miami, is a real estate brokerage firm that specializes in the disposition of anchored shopping center properties in the southeastern United States. Plaza Advisors clients include private equity, developers, and major institutions including pension funds, servicing agents, life insurance companies, REITs, and money center banks.
Co-managing partners Jim Michalak and Anthony Blanco have a combined 35 years investment brokerage experience. The duo has closed over 140 shopping center transactions, with a combined GLA exceeding 15 million square feet with an aggregate sales volume in excess of $2 billion.
CONTACTS:
CONTACTS:
Jim Michalak
Managing Partner
Plaza Advisors
3412 Bay To Bay Boulevard
Tampa, FL 33629
813.837.1300 Ext. 101
Fax 831.2627
jim.michalak@plazadvisors.com
MIAMI OFFICE
Anthony Blanco
5201 Blue Lagoon Drive, Suite 846
Miami, FL 33126
PH: 305-629-3606
FAX: 305-647-6441
Anthony.blanco@plazadvisors.com
5201 Blue Lagoon Drive, Suite 846
Miami, FL 33126
PH: 305-629-3606
FAX: 305-647-6441
Anthony.blanco@plazadvisors.com
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