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| Granada Plaza, Dunedin, FL |
MIAMI, FL – HFF announced it has closed the sale of Granada
Plaza, a 74,200-square-foot, grocery-anchored neighborhood center in
Dunedin (Tampa), Florida.
HFF
marketed the property on behalf of the seller, Odyssey DP I, LLC, an entity
affiliated with Lakeland, Florida-based Odyssey Diversified Properties, Inc
(“Odyssey”). H&R REIT purchased the
asset for $10.8 million and is assuming exiting life insurance company
financing.
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| Daniel Finkle |
Granada Plaza is situated on a
6.92-acre site at 1491-1575 Main Street at the intersection of State Road 580
and County Road 1, northwest of Tampa in Dunedin. The property was renovated in 2004 and is 86 percent leased to
tenants including Publix (anchor tenant), Curves, UPS Store, Hair Cuttery and
Firehouse Subs.
The
HFF team representing the seller was led by senior managing director Danny
Finkle and director Luis Castillo. This sale marks the 19th
successful retail center transaction closed by HFF in Florida in 2012.
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| Luis Castillo |
Odyssey 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. Odyssey was organized in 2004 for the
purpose of developing and leasing retail projects in Florida, Georgia, Alabama
and the Carolinas.
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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