Wednesday, September 2, 2009

Plaza Advisors Announces Shopping Center Sale

TAMPA, FL--Plaza Advisors is pleased to announce the recent sale of the Plaza 66 shopping center (top left map) located in Kenneth City (Tampa Bay MSA), Florida.

This center totals 95,320 square feet (SF) of gross leasable area and features a 55,230 SF Sweetbay Supermarket, which completed a substantial store renovation in September 2006.

The property was 91% occupied at the time of sale and included several additional recognizable tenants such as Family Dollar, Cici’s Pizza, Rent a Center, Fantastic Sam’s, and Jackson Hewitt Tax Service.

Plaza Advisors represented the seller in the transaction and co-managing partners Jim Michalak and Anthony Blanco, together with Senior Financial Analyst, Lenard Williams were involved in the engagement.

The seller and buyer were Centro Properties Group and Plaza 66 LLC, respectively.

The sale of Plaza 66 is the sixth investment sale transaction for Plaza Advisors in 2009. Earlier this year, Plaza Advisors sold Plant City Crossing and Regency Village, Publix-anchored centers located in central Florida, The Village Shopping Center, a Publix and Bealls Outlet anchored center in Orange Park, 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


Jim Michalak, office 813-837-1300, fax 813-831-2627,

Anthony Blanco, office 305-629-3606, fax 305-647-6441,

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