Done Deals: GLT Group Brokerage Arranges $7 Million Sale of Winn-Dixie Shopping Center in Tarpon Springs, FL

Monday, January 27, 2020

GLT Group Brokerage Arranges $7 Million Sale of Winn-Dixie Shopping Center in Tarpon Springs, FL

Sean Ziv (left) and Ran Ziv

MIAMI, FL, Jan. 27, 2020 — GLT Group Brokerage announced the sale of Meres Town Shopping Center in an off market transaction. The 47,183- square foot grocery anchored shopping center property located in Tarpon Springs Pinellas County, Fla.

Tenants include Winn-Dixie supermarkets®, Dunkin Donuts, Metro PCS, Fantastic Sam’s, China Express restaurants and Leslie’s Swimming Pool Supplies.

Sean Shahar A. Ziv of GLT Group Brokerage represented the seller, a foreign real estate fund with properties across the US. GLT Group Brokerage also procured the buyer, a private individual in a 1031 exchange.

The shopping center was sold for $7 million.

Meres Town Shopping Center, a 47,183- SF grocery anchored shopping center property located in Tarpon Springs,
Pinellas County, FL

“The shopping center is well-positioned on a popular trade corridor in Tarpon Springs, with a population of over 120,000, an average household income of over $76,000 within a 5-mile radius and 29,000 vehicles travelling through the area every day.

Florida Hospital (AdventHealth®) is located south of the property and a 236-unit rental apartment project is being constructed next door. In addition Meres Boulevard is being extended to US I-19.

All the factors above made an attractive asset to our 1031 client” says Sean Ziv CEO of GLT Group. The shopping center had a 100 percent occupancy rate at the time of the sale.

This transaction follows another off market deal by GLT Group brokerage earlier this month in which Miami-based CF Properties Corp sold a Publix-anchored located in the Tampa Bay Area to a private individual in a 1031 exchange.

CONTACT:

Ran Ziv