 |
| Michael Milano |
CLEARWATER, FL – An
affiliate of North American Development Group has purchased Courtyard at Countryside, a prominent
retail center in Clearwater, for $25.5 million.
The center is anchored by
Kohl’s and Total Wine & More and is located at 2514-2532 State Road 580,
across from the Westfield Countryside shopping mall. It was fully leased at the
time of sale.
Michael Milano,
CCIM, MAI, and Ron Schultz of
Colliers International Tampa Bay represented the seller, Skylark Plaza, LLC,
which developed the property in 2008.
“Class A retail properties
like Courtyard at Countryside are very much in demand,” said Milano, Managing
Director, Retail Investment Services for Colliers International Tampa Bay.
“Recognizing this, the seller decided to take advantage of the favorable market
conditions.”
 |
| Ron Schultz |
Courtyard at Countryside
is home to a number of other well-known tenants, including Panera Bread,
EverBank, Salon Lofts, Sport Clips and Tijuana Flats.
In addition to being
located on a prominent corner, it is directly across from Westfield
Countryside, a 1.3-million-square-foot mall anchored by Dillard’s, Macy’s, JCPenney,
Sears and Whole Foods.
“Courtyard at Countryside
is well-positioned within a highly successful concentration of regional retail
properties,” said Schultz, Director, Retail Investment Services for Colliers
International Tampa Bay.
“The property’s large trade area and quality tenant
mix make this a top-quality asset to add to the buyer’s existing portfolio of
retail properties.”
North American Development
Group (NADG) is one of North America’s leading shopping center acquisition and
development companies. For almost 40 years NADG has been active in the
development, acquisition, redevelopment and management of over 250 shopping
centers totaling more than 30 million square feet, with an enterprise value of
over $3.5 billion.
For a complete copy of the company’s news release,
please contact:
Leah Saunders
Senior Account Executive
B2 Communications
p 727.895.5030 x104 | c
813.924.0367
No comments:
Post a Comment