Wednesday, July 20, 2011

Plaza Advisors Announces Sale of Horizon Park Shopping Center in Tampa, FL for $18.9 Million

TAMPA, FL--Plaza Advisors is pleased to announce the sale of Horizon Park Shopping Center in Tampa, Florida. This shopping center is situated on Hillsborough Avenue, immediately west of Dale Mabry Highway.

 Horizon Park Shopping Center totals 215,713 square feet of gross leasable area and is anchored by Babies R’ Us, Northern Tool and Equipment, Office Depot, Save A Lot and Guitar Center. The asset was constructed in 1971, renovated in 1980 and 1988 and was approximately 91% leased at the time of sale.

 Plaza Advisors exclusively represented the seller in this transaction and co-managing partners Anthony Blanco and Jim Michalak, together with Senior Associate, Lenard Williams were involved in the engagement. The seller and buyer were entities affiliated with Phillips Edison and Company and Forge Capital Partners, respectively. 

Tampa Office                                                Miami Office                                     

Jim Michalak                                                Anthony Blanco                                           
3412 Bay to Bay Boulevard                                 5201 Blue Lagoon Drive, Suite 846
Tampa, FL 33629                                               Miami, FL 33126
OFFICE: 813-837-1300                                       OFFICE: 305-629-3606
FAX: 813-831-2627                                             FAX: 305-647-6441

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