Wednesday, July 9, 2008

Grubb & Ellis|Commercial Florida Completes Disposition of Popeye’s Portfolio


TAMPA, FL --- Grubb & EllisCommercial Florida has negotiated the sale of the former Popeye’s restaurant on US Highway 19 in Pasco County.
The 2,714 square foot freestanding restaurant, located in the city of Holiday was the last property remaining in the former Popeye’s franchisee’s portfolio.

Michelle Seifert, (top right photo) vice president of the firm’s Retail Group and associate Josh Tarkow (top left photo) negotiated the recent sale representing the seller, Southeast Restaurant Properties based in Deerfield, Ill.

“I started with more than 12 properties in multiple markets 18 months ago and despite the current economic conditions was able to liquidate these assets within a fairly short timeframe,” said Seifert.

Phong Hong Nguyen of New Port Richey purchased the former Popeye’s Restaurant building.

For more information, please contact

Michelle Seifert Vice President or Josh Tarkow Grubb & Ellis/Commercial Florida 813-830-7890

Larry Lietzman, Marketing Associate, Grubb & EllisCommercial Florida, 813-830-7890

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

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