Wednesday, September 17, 2008

Selmon's Plaza in Largo, FL Sold


TAMPA, FL--Plaza Advisors is pleased to announce the sale of Selmon’s Plaza, a Sweetbay grocery store shadow anchored shopping center located on E. Bay Drive and Keene Road in Largo (Tampa MSA) Florida. The transactions closed September 16, 2008.

The Plaza Advisors team composed of Jim Michalak, (top right photo) Lenard Williams (top left photo) and Jess Wirts, (middle right photo) exclusively represented Kimco Realty Corp, the seller on the transaction. The buyer, CRI Plaza 1, LLC, was not represented by a broker on the sale.

The project GLA is 56,668 square feet not including the 45,871 sf Sweetbay store. The asset was built in 1989. The center’s major tenants include; You Fit (fitness center) and Indigo Joes restaurant. The KFC and Bank of America outparcels were not included in the sale.

Plaza Advisors is a real estate brokerage firm that specializes in the disposition of anchored shopping center properties in the southeastern United States.

Plaza Advisors clients include private equity, developers, and major institutions including; pension funds, life insurance companies, REITs, and money center banks.

Jim Michalak, the firm’s managing partner, is a 23 year career real estate broker. Mr. Michalak has closed over 100 shopping center transactions, with a combined GLA exceeding ten million square feet with an aggregate sales volume in excess of $1 billion. Plaza Advisors is based in Tampa, FL

CONTACT:
Jim Michalak
Managing Partner
Plaza Advisors
3412 Bay To Bay Boulevard
Tampa, FL 33629
813.837.1300 Ext. 101
Fax 831.2627
jim.michalak@plazadvisors.com
http://www.plazadvisors.com/

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