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| Keene Plaza, Largo, FL |
MIAMI, FL – HFF announced it has closed the sale of Keene
Plaza, a 78,982-square-foot, grocery-anchored retail center in Largo,
Florida.
HFF
marketed the property on behalf of the seller, Anchor Keene Plaza Ltd., an
entity affiliated with Lakeland, Florida-based Century Retail, LLC
(“Century”). Paradise Ventures, Inc.
purchased the asset for $6.2 million.
Keene
Plaza is located at 2100-2200 East Bay Drive at the intersection of Keene Road
in Largo, just south of Clearwater in the Tampa metropolitan area. The property was renovated in 1999 and is
88.4 percent leased to tenants including Save-A-Lot, Bealls Outlet and Dollar
General.
 |
| Daniel Finkle |
The
HFF team representing the seller was led by senior managing director Danny
Finkle and director Luis Castillo.
Century develops, leases and manages a variety of retail
projects from small strips to large neighborhood centers with national tenants
such as Publix, Marshalls, Save-A-Lot, Starbucks and Bealls among many
more. Century was organized in 2004 for
the purpose of developing and leasing retail projects in Florida, Georgia,
Alabama and the Carolinas.
 |
| Luis Castillo |
Paradise Ventures specializes in
all areas of retail real estate, from in-house development to third-party
management. They are one of the leading
developers of Publix-anchored centers and Walgreens stores nationwide. Since the beginning of this year, Paradise
Ventures has developed two grocery-anchored shopping centers and six Walgreens
stores in Florida.
Contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com
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