ORLANDO, FL – HFF announced it has closed the sale of Bloomingdale Hills, a 78,442-square-foot neighborhood retail center anchored by a new Wal-Mart Neighborhood Market in Riverview, Florida.
HFF represented the seller, Mimms Enterprises. Thompson National Properties purchased the retail property for $9.3 million free and clear of debt.
Bloomingdale Hills is located at 10863 West Bloomingdale Avenue approximately 12 miles southeast of downtown Tampa in Riverview. Renovated in 2012, the retail center is 100 percent leased and is anchored by a new 57,756-square-foot Wal-Mart Neighborhood Market. Other tenants include Tampa Children’s Hospital Outpatient Facility, Happy’s Home Centers and Liberty Tax Service.
The HFF team representing the seller was led by senior managing director Brad Peterson (middle right photo)and senior financial analyst Michael Weinberg (lower left photo).
According to Peterson, “There was an extremely strong response to this offering with nearly 20 offers received from a variety of investors including public and private REITs, pension fund advisors, foreign capital and leading private investors. Investors responded favorably to the high-growth Tampa location and the credit lease-term and operating prowess of the Wal-Mart brand.”
Contacts:
H. BRADLEY PETERSON
HFF Senior Managing Director
(407) 286-5524
MYRA F. MOREN
HFF Director, Marketing
(713) 852-3500
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