Wednesday, January 23, 2013

Plaza Advisors Announces Sale of Woodlake Plaza in Greenacres, FL


  
Jim Michalak
 TAMPA, FL -- Plaza Advisors is pleased to announce the sale of a grocery anchored shopping center named Woodlake Plaza in Greenacres (Palm Beach County) Florida.

The asset is situated at the intersection of Lake Worth Road and Sherwood Forrest Boulevard and totals 131,210 square feet of gross leasable area.

The major tenants include Monterrey Market, Dollar General, Goodwill, Phoenix Theatres, and Medical Institute of Palm Beach. The property also contains shadow freestanding outparcels: TD Bank, ABC Liquors, Olive Garden and Tire Kingdom. The asset was constructed in 1988 and was 97.6% leased at the time of sale.

Paul Bores
Jim Michalak and Paul Bores of Plaza Advisors represented the seller in the transaction. The seller and buyer were JBH Woodlake Plaza LLC and a south Florida private equity investor, respectively. 

Plaza Advisors is a real estate brokerage firm that specializes in the disposition of retail properties throughout the State of Florida. Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks.

 Plaza Advisors has closed over 100 shopping center transactions, with a combined GLA exceeding 13 million square feet with an aggregate sales volume in excess of $1.5 billion.

Contact:

Jim Michalak
Managing Partner

3412 Bay To Bay Boulevard
Tampa, FL 33629
813.837.1300 Ext. 101
Fax 831.2627




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