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| Sunrise Plaza, Brooksville, FL |
ORLANDO, FL, Feb. 15, 2022 – JLL Capital Markets has closed the $9.2 million sale of Sunrise Plaza, an 86,815-square-foot shopping center anchored by a high-performing Winn-Dixie in the Tampa-area community of Brooksville, Florida.
JLL marketed the property on behalf of
the seller, ProVest Properties, LLC. An affiliate of Long Island-based
Island Associates Real Estate acquired the asset.
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| Brad Peterson |
The JLL Retail Capital Markets team representing the seller was led by Senior Managing Director Brad Peterson and Senior Director Whitaker Leonhardt.
“Sunrise Plaza recently underwent an extensive renovation in 2021, which included a complete remodel of the highly successful Winn-Dixie grocery store, as well as capital improvement projects to the roof, parking lot, lighting and landscaping of the shopping center,” Leonhardt said.
“These improvements coincide with the road widening of Cortez Boulevard and the recent expansion of I-75 by the Florida Department of Transportation."
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| Whitaker Leonhardt |
Sunrise Plaza is anchored by Winn-Dixie, one of the largest supermarket chains in the Southeast.
Constructed
in 1991 and most recently renovated in 2021, the 90-percent-leased center is
also home to a mix of national and local tenants, including Anytime Fitness,
Winn-Dixie Liquor, Beef 'O' Brady's, Access Care Health Physicians and River
Ridge Animal Clinic.
With the nearest competitive grocery store more than 10 miles from Sunrise Plaza, the property is also the only anchored retail destination near the high-traffic intersection of Interstate 75 and Cortez Boulevard (SR 50), the primary east-west roadway in the region, which sees a combined 73,000 vehicles per day.
The
center is at 31070-31188 Cortez Blvd. on the “going home” side of the road in
Brooksville, which is 40 miles north of downtown Tampa.
The property serves an extended trade area
that includes 25,490 residents earning an average annual household income of
$63,028 living within a seven-mile radius.
CONTACT:
Kimberly Steele
PR, Capital
Markets
Agency Leasing and
Valuation Advisory
JLL
T +1 713 852 3420
M +1 832 244 9994
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