Monday, May 23, 2016

HFF closes $9.2 million sale of grocery-anchored retail center in Tampa, FL

Bloomingdale Hills Shopping Center, Riverview District, Tampa, FL
Brad Peterson
ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $9.2 million sale of Bloomingdale Hills, a 78,442-square-foot, grocery-anchored shopping center in the Riverview area of Tampa, Florida.

Phillips Edison Grocery Center REIT II purchased the asset free and clear of existing debt.

Renovated in 2012, Bloomingdale Hills is anchored by Wal-Mart Neighborhood Market, the second largest grocer in central Florida.  The 95.4-percent-leased center is also home to a number of other shop tenants, including Great Expressions Dental and Great Clips.

 Situated on 12.8 acres at 10863 West Bloomsdale Avenue, the center is on the “going home” side of both Bloomingdale Avenue and Providence Road in Riverview, an area in southeastern Tampa approximately nine miles from downtown.  

Bloomingdale Hills is located in an infill corridor at the confluence of Interstate 75 and US 301, the primary north-south roadways in the area.

The HFF investment sales team representing the seller was led senior managing director Brad Peterson and associate director Whitaker Leonhardt.

”Bloomingdale Hills was an attractive offering for investors to gain exposure to Wal-Mart’s very strong credit,” Leonhardt said.  “With all of the attention received by other grocery-anchored assets, especially in Florida, there is a relatively short supply of shopping center sales with Wal-Mart as a tenant.”

For a complete copy of the company’s news release, please contact:
Kristen M. Murphy
Director, Marketing
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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