Tuesday, September 3, 2013

HFF closes $11.85 million sale of Tampa Festival Centre in northeast Tampa, FL


Tampa Festival Centre, 2525 East Hillsborough Avenue, northeast Tampa, FL

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.

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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