Sunday, February 7, 2016

HFF closes sale of Publix-anchored retail center in Clearwater, FL

Northwood Plaza, 2508-2554 McMullen Booth Road, Clearwater, FL

Daniel Finkle
MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Northwood Plaza, a 203,749-square-foot, Publix-anchored neighborhood retail center in Clearwater, Florida. 

HFF marketed the property on behalf of the seller, a separate account client of AEW Capital Management, L.P.  Publix Super Markets, Inc. purchased the asset.

Northwood Plaza is a six-building center anchored by Publix, Stein Mart, CVS, Anytime Fitness and Talbots.  The 95-percent-leased center is also home to nationally-recognized tenants Starbucks, Great Clips, Weight Watchers, Scottrade, GNC, Massage Envy and SunTrust. 

Originally constructed in 1980, the center underwent extensive renovations and modernizations in 2007.  Northwood Plaza is situated on 20.4 acres at 2508-2554 McMullen Booth Road, a major commercial north-south thoroughfare, at the intersection of McMullen Booth and Enterprise Roads.

 This “hard corner” locale between two signalized intersections provides multiple access points and visibility to more than 88,000 vehicles per day.  Located in Clearwater, part of the Tampa MSA, the center is in a trade area that serves approximately 87,000 residents within a three-mile radius.

 The HFF investment sales team representing the seller was led by senior managing directors Daniel Finkle and Brad Peterson, managing director Luis Castillo and associate director Nat Scarmazzi.

“Northwood Plaza is an exceptional retail center that was highly sought after by investors, given its strong tenant sales and irreplaceable infill location in the Tampa MSA,” Castillo said.

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

Kristen M. Murphy
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |


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