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| Northwood Plaza, 2508-2554 McMullen Booth Road, Clearwater, FL |
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| Daniel Finkle |
MIAMI, FL –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Northwood Plaza, a 203,749-square-foot,
Publix-anchored neighborhood retail center in Clearwater, Florida.
HFF marketed the property
on behalf of the seller, a separate account client of AEW Capital Management,
L.P. Publix Super Markets, Inc.
purchased the asset.
Northwood Plaza is a
six-building center anchored by Publix, Stein Mart, CVS, Anytime Fitness and
Talbots. The 95-percent-leased center is
also home to nationally-recognized tenants Starbucks, Great Clips, Weight
Watchers, Scottrade, GNC, Massage Envy and SunTrust.
Originally constructed in
1980, the center underwent extensive renovations and modernizations in
2007. Northwood Plaza is situated on
20.4 acres at 2508-2554 McMullen Booth Road, a major commercial north-south
thoroughfare, at the intersection of McMullen Booth and Enterprise Roads.
This “hard corner” locale between two
signalized intersections provides multiple access points and visibility to more
than 88,000 vehicles per day. Located in
Clearwater, part of the Tampa MSA, the center is in a trade area that serves
approximately 87,000 residents within a three-mile radius.
The HFF investment sales team representing the
seller was led by senior managing directors Daniel Finkle and Brad
Peterson, managing director Luis
Castillo and associate director Nat
Scarmazzi.
“Northwood Plaza is an
exceptional retail center that was highly sought after by investors, given its
strong tenant sales and irreplaceable infill location in the Tampa MSA,”
Castillo said.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
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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