MIAMI, FL, May
28, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
closed the $29 million sale of a Winn-Dixie-anchored shopping center portfolio
totaling 333,276 square feet in Florida.
 |
| Daniel Finkle |
The 87.3-percent-leased portfolio consists of Promenades in Port
Charlotte, Florida, and Highlands Plaza in Lakeland, Florida.
HFF marketed
the property on behalf of the sellers, Mount Kellett Capital Management L.P.
and Morning Calm Management, LLC.
Renovated in
2009, Promenades is a 230,704-square-foot mixed-use center with two available
outparcels for future development.
The
center is home to Winn Dixie, Bealls Outlet, Tuesday Morning and YouFit Health
Club, in addition to medical office tenant Fawcett Memorial and the Charlotte
County Sheriff’s Office.
Situated on 26.4 acres at 3280 Tamiami Trail,
the property is at the entrance to the Medical Arts District in Port Charlotte,
a waterfront community on the Gulf of Mexico’s Charlotte Harbor.
The
102,572-square-foot Highlands Plaza features 461 parking spaces on its 15.68
acres and has two available outparcels for future development.
 |
| Luis Castillo |
In addition to the Winn-Dixie anchor, the
center’s tenants include Florida Speech and Wellness Center, Fantastic Sam’s,
Highlands MRI and Music Go Round.
Highlands Plaza is located at 2900 Lakeland Highlands Road one mile off
Polk Parkway in Lakeland, a central Florida community approximately 35 miles
east of Tampa. The center serves a trade
area of almost 60,000 residents within three miles.
The HFF team
representing the seller was led by senior managing director Daniel Finkle, managing director Luis Castillo and associate director Nat Scarmazzi.
“The
opportunity to acquire high-performing and well-established grocery-anchored
centers is becoming increasingly rare in Florida,” Castillo said.
“Given the high-growth nature of these
markets and meaningful value creation potential for the individual properties,
this portfolio garnered significant interest from investors.”
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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