TAMPA, FL, Mar. 18, 2009-- Plaza Advisors is pleased to announce the sale of the Belleair Bazaar shopping center (top right photo) located in the Belleair Bluffs area of Clearwater, Florida. The price was $6.45 million.The transaction closed March 17, 2009. Jim Michalak, (top left photo) Anthony Blanco and Jess Wirts (middle right photo) of Plaza Advisors exclusively represented the seller West Bay Drive, LLC.
The buyer was Sunrise Plaza Holdings, LLC.
The project, located on West Bay Drive contains 38,569 square feet and was 82.3% occupied.The asset was built in 1969 and last renovated in 2002. The center’s tenants include Bonefish Grill, Cold Stone Creamery, and Westshore Pizza.
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 and Anthony Blanco, the firm’s managing partners, have a combined 40 years experience as retail investment advisors.The team has closed over 145 shopping center transactions with an aggregate sales volume in excess of $2 billion. Plaza Advisors is headquartered in Tampa and has a satellite office in Miami.
CONTACT:
Jim Michalak, Managing Partner, Plaza Advisors, 3412 Bay To Bay Boulevard, Tampa, FL 33629. ph 813.837.1300, Ext. 101. Fax 831.2627
jim.michalak@plazadvisors.com
http://www.plazadvisors.com/
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