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| Jim Michalak |
TAMPA, FL -- Plaza Advisors is pleased to announce the sale
of a grocery anchored shopping center named Woodlake Plaza in Greenacres
(Palm Beach County) Florida.
The asset is situated at the intersection of Lake Worth Road
and Sherwood Forrest Boulevard and totals 131,210 square feet of gross leasable
area.
The major tenants include Monterrey Market, Dollar General,
Goodwill, Phoenix Theatres, and Medical Institute of Palm Beach. The property
also contains shadow freestanding outparcels: TD Bank, ABC Liquors, Olive Garden
and Tire Kingdom. The asset was constructed in 1988 and was 97.6% leased at the
time of sale.
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| Paul Bores |
Jim Michalak and Paul Bores of Plaza Advisors
represented the seller in the transaction. The seller and buyer were JBH
Woodlake Plaza LLC and a south Florida private equity investor,
respectively.
Plaza Advisors is a real estate brokerage firm that
specializes in the disposition of retail properties throughout the State of
Florida. Plaza Advisors’ clients include private equity investors, developers,
and major institutions including fund advisors, servicing agents, life
insurance companies, REITs, and money center banks.
Plaza Advisors has closed
over 100 shopping center transactions, with a combined GLA exceeding 13 million
square feet with an aggregate sales volume in excess of $1.5 billion.
Contact:
Jim Michalak
Managing Partner
3412 Bay To Bay Boulevard
Tampa, FL 33629
813.837.1300 Ext. 101
Fax 831.2627
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