Wednesday, March 1, 2017

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

Palms of Carrollwood Retail Center, 13147 North Dale Mabry Highway, Tampa, FL

Brad Peterson
ORLANDO, FL, March 1, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Palms of Carrollwood, a 167,887-square-foot retail center anchored by The Fresh Market in Tampa, Florida. 

HFF arranged the sale on behalf of the seller, Weingarten Realty Investors.  Wallace Enterprises, Inc. purchased the asset free and clear of existing debt.

In addition to The Fresh Market, the 91.3-percent-leased Palms of Carrollwood is home to a variety of national and regional tenants, including Bed Bath & Beyond, Petco and Sam Ash Music.

 Situated on 15.4 acres at 13147 North Dale Mabry Highway, Palms of Carrollwood is located between Interstate 275 and Veterans Expressway at the signalized intersection of Dale Mabry Highway and Fletcher Avenue. 

The center is on the “going home” side of the road for those commuting from downtown Tampa, the airport and Interstate 275.  Located in the Carrollwood area of Tampa north of downtown, more than 102,000 residents earning an average annual household income of $73,953 live within a three-mile radius of the center.

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

Whitaker Leonhardt

“There is a great investment appetite for well-located shopping centers in infill markets throughout the southeast U.S., and the sale of Palms of Carrollwood, which is located in one of the most desirable submarkets in Tampa, further supports that message,” Leonhardt said. 

“Tampa’s dynamic economy, strong employment growth and low retail vacancy rates support rent growth over time and the continued success of best-in-class retailers in good locations.”

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

Kristen M. Murphy
Director, Public Relations
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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