Jim Michalak |
The
plaza is sandwiched between one of central Florida’s highest sales volume
Publix stores and an extremely successful freestanding Sprouts Farmers Market grocery
store.
Southtown Center serves a highly educated, affluent trade area that includes nearly 102,000 residents with an average annual household income of $146,000 residing in housing units with median values exceeding $380,000.
Southtown Center serves a highly educated, affluent trade area that includes nearly 102,000 residents with an average annual household income of $146,000 residing in housing units with median values exceeding $380,000.
The
total GLA of Southtown Plaza is 43,669 square feet. The property was 100%
occupied and features numerous nationally acclaimed tenants including: Moe’s
Southwest Grill, Tropical Smoothie, Cold Stone Creamery, Weight Watchers,
Massage Envy, Pure Barre, European Wax Center, Burger Monger, Davita and
Century 21.
Keith Nurre |
The
seller was an Australian based Core Fund, advised by CenterSquare Investment
Management. The buyer was a NYSE Real Estate Investment Trust.
Jim Michalak and Keith Nurre of Plaza
Advisors represented the seller and were the sole brokers involved in the
transaction.
CONTACT:
Jim
Michalak
Managing
Partner
Plaza
Advisors
3412
Bay To Bay Boulevard
Tampa,
FL 33629
813.837.1300
Ext. 1
Fax
831.2627
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