Friday, December 5, 2014

Plaza Advisors Announces Sale of Aloma Square Shopping Center in Winter Park, FL

  
Jim Michalak
TAMPA, FL -- Plaza Advisors is pleased to announce the sale of the Aloma Square Shopping Center located in Winter Park (Orlando) Florida.

The grocery anchored shopping center totals 91,356 square feet of gross leasable area. The major tenants include Aldi, Deal$, CARQUEST and Fresenius Medical Care.

Other notable tenants include: CosmoProf, Liberty Tax and Subway. The property, constructed in 1986, was 88.8% leased at the time of sale.

Mike Cvetetic and Jim Michalak of Plaza Advisors represented the seller in the transaction. No other brokers were involved in the sale. The seller and buyer were Noble Properties and a private equity group named Aloma Square WP, LLC, respectively. 

 “This center offered numerous attractive aspects to the capital markets including: an excellent credit tenant roster, a value-add component, sustainable base rents, and is located at a high traffic volume intersection within an affluent trade area” Cvetetic stated.

Mike Cvetetic
Plaza Advisors specializes in the disposition of anchored shopping centers located throughout Florida. The company has successfully closed fourteen centers since December 2013.

 Those closings included twelve grocery anchored assets: six Winn Dixie, three Publix, an ALDI, a Walmart Neighborhood Market, and a Dollar General Market.

  For a complete copy of the company’s news release, please contact:

Jim Michalak
Managing Partner
Plaza Advisors
3412 Bay To Bay Boulevard
Tampa, FL 33629
813.837.1300 Ext. 101
Fax 831.2627

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