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| Jim Michalak |
This Publix anchored center contains a total of 86,262
square feet of gross leasable area and includes numerous quality tenants
including: Anytime Fitness, Publix Liquors, The UPS Store, Toast, and Internal
Medicine Associates of Lee County, MD.
The Shoppes at Pelican Landing is situated on a 15.45 acre
tract and was constructed in 1997. The plaza contains two separately owned
outparcels featuring Bank of America and a Mobil gas station. The asset was
92.3% leased at the time of sale.
Jim Michalak, Mike Cvetetic and Steve Sanders
represented the seller in the transaction. The seller and buyer were Pelican
Landing LLC and PSM INC, respectively.
“From a capital
markets perspective, super-market product, particularly Publix anchored,
continues to be the most sought after multi-tenant retail investment asset
class” states Jim Michalak.
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| Mike Cvetetic |
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.
The Plaza Advisors Team has over 60 years of real estate
experience and has closed more than 450 shopping center transactions exceeding
$5.5 billion in value.
For a complete copy of the company’s news release, please
contact:
Jim Michalak
Managing Partner
Plaza Advisors
3412 Bay To Bay Boulevard
Tampa, FL 33629
813.837.1300 Ext. 101
Fax 831.2627
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