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| Tampa Festival Centre, 2525 East Hillsborough Avenue, northeast Tampa, FL |
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| Danny Finkle |
MIAMI, FL – HFF announced today that it has closed the sale
of Tampa Festival Centre, a 141,628-square-foot, grocery-anchored
shopping center in northeast Tampa.
HFF
marketed the property on behalf of the seller, Forge Capital Partners. Wheeler Real Estate Investment Trust
purchased the property for $11.85 million free and clear of existing debt.
Tampa Festival Centre is located at 2525 East Hillsborough
Avenue just east of Interstate 275, approximately five miles north of
downtown. Renovated in 2009 and
expanded in 2012, the center is 95.6 percent leased and anchored by
Winn-Dixie. Other tenants include
Family Dollar, Rainbow, Citi Trends and Rent-a-Center.
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| Luis Castillo |
The HFF investment sales team
representing the seller was led by director Luis Castillo and senior
managing director Danny Finkle.
HFF’s
investment sales team secured more than $1.0 billion in sales of retail assets
nationally during the first half of 2013.
In Florida, HFF closed more than $353 million in retail transactions
across all capital markets platforms over the same period.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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