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| Palms of Carrollwood Retail Center, 13147 North Dale Mabry Highway, Tampa, FL |
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| Brad Peterson |
ORLANDO, FL, March 1, 2017
– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the
sale of Palms of Carrollwood, a
167,887-square-foot retail center anchored by The Fresh Market in Tampa,
Florida.
HFF arranged the sale on
behalf of the seller, Weingarten Realty Investors. Wallace Enterprises, Inc. purchased the asset
free and clear of existing debt.
In addition to The Fresh
Market, the 91.3-percent-leased Palms of Carrollwood is home to a variety of
national and regional tenants, including Bed Bath & Beyond, Petco and Sam
Ash Music.
Situated on 15.4 acres at 13147 North Dale
Mabry Highway, Palms of Carrollwood is located between Interstate 275 and
Veterans Expressway at the signalized intersection of Dale Mabry Highway and
Fletcher Avenue.
The center is on the
“going home” side of the road for those commuting from downtown Tampa, the
airport and Interstate 275. Located in
the Carrollwood area of Tampa north of downtown, more than 102,000 residents
earning an average annual household income of $73,953 live within a three-mile
radius of the center.
The HFF investment sales
team was led by senior managing director Brad
Peterson and associate director Whitaker
Leonhardt.
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| Whitaker Leonhardt |
“There is a great
investment appetite for well-located shopping centers in infill markets
throughout the southeast U.S., and the sale of Palms of Carrollwood, which is
located in one of the most desirable submarkets in Tampa, further supports that
message,” Leonhardt said.
“Tampa’s dynamic economy,
strong employment growth and low retail vacancy rates support rent growth over
time and the continued success of best-in-class retailers in good locations.”
For a
complete copy of the company’s news release, please contact:
Kristen M. Murphy
Director, Public Relations
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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