Sunday, November 16, 2014

HFF closes sale of Tampa, FL area grocery-anchored retail center


Kimberly Flores
MIAMI, FL – HFF announced it has closed the sale of MiraBay Village, a 93,985-square-foot, Winn-Dixie-anchored retail center and adjacent 9.79-acre development site in Apollo Beach, Florida.

                HFF marketed the properties on behalf of the seller, Northwood Investors.  Alidade Capital, LLC purchased the asset free and clear of debt.       

MiraBay Village is located at 252 Harbor Village Lane right off of N.U.S. Highway 41 in the coastal town of Apollo Beach, a suburb 18 miles south of downtown Tampa in Hillsborough County. 

The property is next to MiraBay, a 750-acre waterfront community, and Waterset, the largest residential master planned community under development in the U.S.


Luis Castillo
 In addition to the 13.52-acre center, the property contains 4.81 acres of undeveloped outparcels and 9.79 acres zoned for residential development. 

Completed in 2008, the center is leased to a variety of national and local tenants, including Winn-Dixie, H&R Block, Keller Williams Realty, Apollo Beach Chamber of Commerce, Kimi’s Ice Cream and Asian Buffet. 

                The HFF investment sales team representing the seller was led by managing director Luis Castillo, director Matt Mitchell, senior managing director Danny Finkle and director analyst Kimberly Flores.

                “The opportunity to acquire a recently-built shopping center in a fast-growing Florida market was appealing to investors,” Castillo said.  “MiraBay Village is a dominant center and very well-positioned in its market.

HFF’s investment sales team secured more than $2.8 billion in sales of retail assets nationally through the end of the third quarter of 2014.  In Florida, HFF closed more than $1.15 billion in retail transactions across all capital markets platforms during the same period.

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

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