PLANT CITY, FL, July 1, 2009--Plaza Advisors is pleased to announce the sale of the Plant City Crossing shopping center (top right photo) located in the Tampa Bay MSA.The transaction closed July 1, 2009. The center is 85,252 square feet (sf) and features a 37,860 sf Publix Supermarket.
The project, built in 2001, is located at the intersection of I-4 and Thonotosassa Road in Plant City, FL.
The property was 95% occupied at the time of sale. The center included several recognizable tenants such as Cato, Dollar General, Little Caesar’s Pizza, Supercuts, H & R Block, Blockbuster Video, and Subway.Plaza Advisors represented the seller in the transaction and co-managing partners Anthony Blanco (bottom right) and Jim Michalak, (middle left photo) together with Senior Financial Analyst Lenard Williams were involved in the engagement.
The seller and buyer were Southeast Plant City, L.L.C. and Fraga Development Corporation, respectively.
The sale of Plant City Crossing is the fifth transaction for Plaza Advisors in 2009.
Earlier this year, Plaza Advisors sold Regency Village, a Publix-anchored center located in Orlando, The Village Shopping Center, a Publix and Bealls Outlet anchored center in Port Orange, Belleair Bazaar, a Bonefish Grill-anchored center in the Clearwater area, and Palafox Square, a WalMart Supercenter and Office Depot shadow anchored center located in Pensacola, FL
CONTACTS:
Jim Michalak, office 813-837-1300. FAX: 813-831-2627 Jim.michalak@plazadvisors.com
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